Bitcoin is witnessing a slight decline today of 1.2%, trading at around $103,100 after touching a daily high near $106,450. The decline is linked to profit-taking and market fluctuations as we await the Federal Reserve's decision on interest rates. Conversely, the weakening of the US dollar provides relative support for Bitcoin. Analyses indicate strong resistance near the $108,000 level, and if breached, we may witness a new rise. However, the markets remain sensitive to any geopolitical tensions or unexpected economic decisions. Currently, the movement is sideways, leaning towards stability, awaiting new catalysts. The overall trend remains positive in the medium term with optimism for upcoming increases.
