BTC & PUFF: Waiting for the Spark
Markets are moving, but not too far.
Bitcoin (BTC) is trading at $104,384, holding just above its recent low of $103,602. It’s down 0.67% in the last 24 hours, but what’s more telling is the indecision on the charts. Price action is stuck below key moving averages, and unless BTC reclaims the 100-hour MA, the upside looks capped. Resistance at $105,600 is a tough ceiling for now. RSI hints at fading momentum, not collapse, just hesitation.
Sound familiar?
PUFF is in a similar mood. It’s sitting at $0.06938, up 0.42%, technically green, but not breaking any boundaries. After a recent low of $0.06835, it’s now pressing against resistance near $0.07048, but can’t seem to push through. With its 7, 50, and 100 MAs converging, the chart screams range-bound drift, and RSI likely agrees.
Both BTC and PUFF are holding steady, but just barely.
The market’s waiting. The spark hasn’t arrived yet.
Patience is a position too.
