BTC Price Dips 2% to $103,862 as Traders Eye Key Support and Await Breakout Signal

Bitcoin (BTCUSDT) is trading at $103,862.91 on Binance, reflecting a 2.02% decrease over the past 24 hours from an opening price of $106,000. The recent price decline is attributed to a combination of neutral market sentiment, reduced trading volumes, and ongoing geopolitical instability, which have led investors to adopt a cautious approach. Technical indicators show BTC consolidating near key support at $103,600, with resistance levels at $105,500 and $108,000, while the symmetrical triangle pattern suggests an imminent breakout, though direction remains uncertain. Current market capitalization stands at approximately $1.67 trillion, with a 24-hour trading volume of $28.21 billion and a circulating supply of around 19.8 million BTC. Bitcoin remains the leading cryptocurrency by market value, with traders closely monitoring macroeconomic factors and technical signals for the next significant move.