On the other hand, If the price breaks above the 20-day average, it could rise to the trendline. If it passes that level too, it might reach $112,800, an important zone on the chart.
Bitcoin (BTC) is currently trading at $104,838, holding steady above the $100,000 mark despite recent market volatility.
Key Highlights:
Current Price: $104,838
24h Range: $103,597 – $105,532
Market Cap: $2.07 trillion
24h Volume: $33.61 billion
Market Sentiment:
Bitcoin's resilience above $100,000 reflects strong institutional interest and ongoing accumulation. However, geopolitical tensions and macroeconomic uncertainties continue to exert downward pressure on the broader crypto market.
Outlook:
Short-term indicators suggest potential consolidation between $103,000 and $105,000. A decisive move above $105,000 could pave the way for a retest of recent highs near $112,000. Conversely, a dip below $103,000 may lead to further downside toward $97,000.