Bitcoin Price Watch: Double Top or Launchpad? $105K Level Under Fire
Bitcoin trades at $103,581 today with a total market capitalization of $2.057 trillion and a 24-hour trade volume of $35.91 billion. The cryptocurrency experienced an intraday price range of $101,109 to $104,293, signaling elevated activity within a tight but volatile band.
The 1-hour BTC/USD chart highlights a distinct intraday pullback followed by a sharp V-shaped recovery, with price action reclaiming the $103,800 range. The short-term trend is defined by higher lows, suggesting a budding bullish bias. However, the low volume on the recovery warns of cautious sentiment among traders. Entry opportunities are found near $103,000 for quick scalps, while deeper dips to $102,500 may attract aggressive buyers. Resistance stands firm between $104,500 and $105,000, capping immediate upside potential unless a volume-backed breakout occurs.
