$BTC

Bitcoin Stalls Near $105K — Breakout or Breakdown Ahead?

Bitcoin is hovering around $104,741, showing signs of consolidation after a volatile week.

📉 Intraday low: $101,671

📈 Intraday high: $104,741

➡️ The price is testing the resistance zone between $104K–$105K.

🔄 A decisive move above this range could signal a bullish breakout.

Key Indicators:

RSI is near neutral at 49, indicating indecision.

MACD shows weakening momentum, suggesting caution.

📊 Support levels to watch:

Immediate: $101,000

Stronger: $98,000–$100,000

⚠️ Without strong volume, a pullback to these support zones is possible.

Market Sentiment:

Institutional interest remains strong, with continued accumulation.

Regulatory developments, like Arizona's recent crypto bill vetoes, add uncertainty.

Stay alert! The next move could set the tone for the coming weeks.