Bitcoin ($BTC) Tests $105K Support Amid Market Volatility

Bitcoin ($BTC) is currently trading at approximately $106,033, experiencing a slight decrease of 1.73% in the last 24 hours.

The recent price movement has brought Bitcoin to a critical support level:

Technical Breakdown: Bitcoin has broken below its 50-day Exponential Moving Average (EMA), indicating a potential shift in momentum.

Support Levels: The $105,000 mark is being closely watched by traders. A sustained drop below this level could open the door to further declines, potentially targeting the $102,150 region.

Market Sentiment: Despite the downturn, the Coinbase Premium Index has remained positive for 20 consecutive days, suggesting continued interest from U.S.-based investors.

As Bitcoin navigates this volatile period, traders are advised to monitor key support and resistance levels closely.

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