$BTC Bitcoin remains volatile near the $104,000 level, with conflicting signals from technical indicators and on-chain data. While whale activity and institutional inflows suggest bullish momentum, declining volumes and RSI divergence hint at potential short-term risks. Macroeconomic developments, including tariff policies, continue to influence sentiment.
Key Price Levels to Watch
Support: $102,800–$103,000 (recent lows) .
Resistance: $105,000 (psychological barrier) and $109,000 (January 2025 all-time high) .
Short-term forecasts suggest a potential test of $110,000, driven by whale accumulation .
Analysts caution about a possible "double top" pattern, mirroring the 2021 cycle, which led to a prolonged bear market .
Technical Indicators
Bearish signals: Weekly RSI shows divergence, and trading volumes are declining compared to earlier rallies .
Bullish signals: The 4-hour RSI rebounded from oversold levels (29 to 52), aligning with a recent price surge .