$BTC The current price of Bitcoin hovers around $103,400 after a pullback from $106,000. The potential for further movement remains mixed. Technically, the $102,000–$103,000 zone is an important support — a breakout below it could trigger a drop to $100,600 or even $98,500. Conversely, if Bitcoin holds above $103,000 and breaks through $105,000, a move towards $107,500 and $110,000 is possible.

Fundamentally, pressure is created by high yields on U.S. bonds and a strengthening dollar, which limits appetite for riskier assets. However, declining inflation, possible Fed actions to lower rates, or inflows into ETFs could become drivers for growth in the coming weeks.