#CryptoComeback

Bitcoin Under Pressure: The $104K Zone is Key for Future Movement

BTC has reached the level of $104,000 — the last significant technical barrier before a potential update of the historical maximum.

The upward movement is occurring against a backdrop of declining trading volumes, which raises doubts about the strength of the momentum. The main driver of the increase has been news of a new trade initiative between the USA and the UK.

Despite this, the market remains vulnerable to external political factors, and the further behavior of the price will depend on geopolitical signals.

From a technical perspective, BTC has already broken the 1.618 level according to Fibonacci and is in a high volume area (VAH), where resistance is weak.

This could be a turning point: either a consolidation above $104K with further movement to a new ATH, or a short-term correction.

CoinGlass analytics indicate that liquidity is concentrated below $100K — this is a potential zone for a pullback if buyers do not show activity.

So far, there is no serious pressure from shorts above $104K, but further dynamics will depend on trading volumes and the market's reaction to key support and resistance levels.