$BTC

Bitcoin is holding strong at $104K — Is a recovery period coming soon?

The U.S. Federal Reserve has kept interest rates steady once again, which typically slows down high-risk assets like Bitcoin (BTC). However, signs on the blockchain indicate that demand remains high — potentially paving the way for a comeback.

📉 Despite stable interest rates, expert Amr Taha says there is a strong buying zone around $100K. BTC price charts on Binance show that this area continues to absorb heavy selling, especially around the $104K level.

📊 Open interest on Binance (futures contracts bets) has declined, often meaning that traders are reducing risk — a good setup for a stable price increase.

💣 The $104K mark was a trap for overly confident buyers. Many long positions were liquidated there. Charts show green spikes from forced selling, indicating that late entrants were wiped out.