#BinanceBTC

Bitcoin: The broader upward momentum remains intact despite short-term pullback risks

The price of Bitcoin began to rise again in April, finding support just below $75,000. Since then, it has jumped by 40% and is now close to $106,000. The upward momentum accelerated after the cryptocurrency surpassed the resistance level of $87,000. Both technical charts and market factors supported this move. Currently, it is trading between $102,000 and $104,000, with investors closely monitoring for signs of a potential pullback.

Bitcoin faces a key test at $106,000

Bitcoin quickly rose to the $100,000 range after finding support at $94,200 in May. However, over the past week, its price has remained mostly stable, trading between $102,700 and $104,800. This area also coincides with the resistance zone extending up to the peak of $109,000 seen in January. Since the previous downward trend began from this point, Bitcoin is once again struggling to break through, prompting some investors to anticipate a correction.$BTC