#BTC☀

Bitcoin trades at $104K as it tests key $109,500 resistance, with whale activity slowing and profit-taking in recent highs.

Bitcoin faces key resistance at $109,500 as traders await the weekly candle close for confirmation.

Over 800K active BTC addresses and 55.3% dominance show strong network and market participation.

Profit-taking and slowed whale accumulation may cause BTC to pause near $120K in the short term.

Bitcoin is currently trading at $104,340.8 and continues to move in a clear uptrend, maintaining a consistent rhythm in its price action. Market participants are watching for the weekly candle close to confirm whether the uptrend remains intact or faces a short-term pause.

BTC Maintains Momentum While Facing Key Resistance

According to an observation by Trader Tardigrade on X, Bitcoin has been moving “in a perfect rhythm” along its upward path. The price broke above $67,000 on May 30 and retested the level as support. Since then, the trend has remained steady, with BTC reaching highs near $111,000 before encountering profit-taking.