Bitcoin showed moderate volatility this week, fluctuating between support near $96,000 and resistance around $98,000. After a brief dip early in the week, it rebounded on positive macroeconomic data and renewed institutional interest. Trading volume remained steady, indicating cautious optimism among investors. Analysts noted strong buying pressure on dips, suggesting bullish sentiment continues to dominate. The crypto market as a whole mirrored Bitcoin’s movements, with altcoins seeing modest gains. On-chain data revealed increased wallet activity and miner accumulation, reinforcing expectations of upward momentum. However, regulatory uncertainty and global economic concerns kept price action in check. As Bitcoin approaches key resistance levels, traders remain watchful for a potential breakout or correction in the coming days.
