#bitcoin ($BTC ) is showing signs of recovery after a recent dip. The current price is around $106,596, up from $105,721.32 yesterday, reflecting a modest 0.16% to 1% increase over the past 24 hours. Trading volume has spiked, with $23.58B to $78.06B reported, indicating heightened market activity.

Market sentiment is cautiously #bullish , with the Fear & Greed Index at 65-66, leaning toward greed, suggesting potential for dip-buying. Technical indicators show mixed signals: the 50-day moving average is below the current price and rising, hinting at short-term support, while the 200-day moving average suggests longer-term strength.

However, some analysts note a short-term bearish trend, with prices testing support near $103,345-$104,000. A break below $102,000 could push BTC toward $98,000, while holding above could see it climb to $108,000-$111,305.