BTCbtc#StrategyBTCPurchase Bitcoin traded at $108,220 today, with a market capitalization of $2.15 trillion and a 24-hour trading volume of $10.41 billion. Throughout the day, the cryptocurrency moved within an intraday price range of $107,138 to $108,320, indicating a narrow but significant consolidation zone in a broader bullish context.

Bitcoin

On the daily chart, bitcoin’s price action shows a strong V-reversal following a correction from a recent high of $110,789 to a low of $98,240. The rebound is marked by increasing volume and smaller-bodied green candlesticks, suggesting a slowing but still positive momentum. The price currently consolidates just below the $108,000 mark. A confirmed breakout above the $110,000 resistance with high volume could signal a continuation of the long-term uptrend. Key support zones remain at $103,000 and $98,000, where prior buying activity was concentrated.