Bitcoin's price has been consolidating around the $105,000 resistance level, experiencing fluctuations between $101,500 and $105,700. Recent activity has led to a slight bearish sentiment among traders. Despite this, historical market behaviors indicate that periods of increased trader anxiety can lead to unexpected bullish movements. Current support for Bitcoin remains strong at $100,000, and indications suggest that large-volume entities are impacting price trends. With the weekend approaching and market catalysts lacking, movements may remain subdued unless a breakthrough occurs soon.
Bitcoin's price has been consolidating within a $3,500 range, blocked by resistance at $105,000, but historical patterns suggest a bullish move shouldnât be dismissed.
Traders have turned slightly bearish following the failure to breach the $105,000 level. However, increased fear often signals possible market recoveries, historically leading to bullish trends.
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