Bitcoin faces difficulties in surpassing the level of 105,000 dollars as the macroeconomic challenges in the US persist.
This has led traders to wonder if the bullish momentum has faded. Although BTC managed to recover the level of 104,000 dollars, the demand for leveraged long positions has drastically decreased, as indicated by the drop in the Bitcoin futures premium.
The constant inflow of institutional investors and the strength of support at 100,000 dollars indicate a growing confidence in Bitcoin.
The rebound of Bitcoin to 105,000 dollars depends on macroeconomic trends
