Considering the Bitcoin trend on Monday, there is basically no hope to stabilize at 108,000 this week. Recently, BTC has been constantly testing the 108,000 position, and the result has been no exception, all failing to hold.
The bullish trend has already passed. Although the current coin price has been stable above 100,000 for a long time, there has been no new upward movement, making it difficult to reach new highs, which also indicates the slow rise of the bears.
Moreover, the turmoil in the U.S. has left no time to pay attention to BTC's trend, which is one of the reasons for the current fluctuations in BTC. Additionally, major whales are eager to cash out, and in the future, the coin price will only continue to drop.
Furthermore, I mentioned a long time ago that BTC is just a virtual currency, contributing nothing to society. Rising to 100,000 is already a good performance. How much more do you expect it to rise in the future? In the end, who will be left to buy at such high prices?
