$BTC Rejected at $108K – Maintain Patience Amid Normal Pullback
Bitcoin ($BTC) attempted to break through the $108,000 resistance level but faced rejection after reaching a high of $107,985. The price has since pulled back to around $106,780. This type of retracement is typical when encountering strong resistance, often driven by short-term profit-taking.
Despite the pullback, the broader trend remains bullish. Such consolidations are healthy and often precede significant breakouts. Temporary dips can create opportunities for well-positioned traders to prepare for the next upward leg.
Once $BTC decisively clears and sustains above the $108K resistance, we can expect renewed momentum across the market, with altcoins and other strong performers likely to follow suit.
The key is to stay calm and avoid reactive decisions. Market rewards favor those who remain patient and focused—new all-time highs may be closer than they seem.
Trade and invest wisely in $BTC