$BTC

The price of Bitcoin today $BTC is experiencing significant movement as it trades around the $103,252 level with a change of 0.13 percent over the past 24 hours according to CoinMarketCap data. The market shows volatility between a low of $103,010 and a high of $104,015 during the day with a trading volume reaching $3.629 billion.

Bitcoin still maintains its position as the largest cryptocurrency by market capitalization, which stands at $205 trillion, with 19.88 million coins traded from a total maximum supply of 21 million Bitcoins.

Technically, traders are awaiting a breakout above the $104,463 level to support continued upward momentum, while a break below the $99,705 level may lead to a larger correction. The OBV indicator remains below zero, suggesting dominance of selling pressure despite some signs of declining bearish momentum.

Investors are closely monitoring the impact of ETF funds that recorded significant inflows over the past year, as their management exceeded $110 billion. Additionally, the approaching weekend may bring additional liquidity fluctuations.

Bitcoin, as the first decentralized cryptocurrency, still retains significant market confidence as a digital safe haven and store of value, with expectations of its continued strong impact on the digital economy in the near future.