$BTC BTC Price fluctuations are hesitant, the trend is unclear

The Bitcoin market last week recorded a sideways weekly candle with long wicks on both ends, clearly showing the struggle between buyers and sellers.

According to renowned trader Daan Crypto Trades, this is a sign that the market is losing direction, especially after the unsuccessful bounce from the support level of 100,000 USD.

Daan noted that this week the market is "receiving both good and bad news," causing Bitcoin's price to reverse continuously without establishing a specific trend.

Threshold 108,000 USD: An important psychological barrier

Daan believes that the 108,000 USD mark needs to be surpassed to confirm a return to an upward trend.

However, Bitcoin still cannot maintain this price level, causing investor sentiment to remain cautious.