Bitcoin (BTC) has started the week in bearish territory despite early gains. The flagship cryptocurrency started positively, rising to an intraday high of $109,726 before losing momentum and dropping to its current level.
Bitcoin (BTC) is marginally down over the past 24 hours, hovering around the $108,000 mark. The flagship cryptocurrency reached an intraday high of $110,498 but quickly lost momentum after sellers overwhelmed buyers at higher levels. As a result, the price briefly fell below $108,000 before consolidating around current levels.
Bitcoin (BTC) is marginally down over the past 24 hours as concerns about the US economy persist. Markets were also spooked by a mysterious transfer of 80,000 BTC by a long-dormant Bitcoin wallet, with some speculating it could be a hack.
Bitcoin (BTC) failed to capitalize on its latest rally as sellers overwhelmed buyers at upper levels. As a result, the flagship cryptocurrency lost momentum after reaching an intraday high of $110,590 on Thursday, and is down nearly 1%, trading around $108,930.
Bitcoin (BTC) rallied sharply on Wednesday, recovering from Tuesday’s low of $105,328 to register an increase of nearly 3%, reclaiming $108,000, and settling at $108,845. The flagship cryptocurrency is up almost 3% in the past 24 hours, trading around $109,672 as buyers eye the $110,000 mark.
Bitcoin (BTC) buyers are showing signs of exhaustion after failing to cross the resistance zone between $108,000 and $108,350. The flagship cryptocurrency risks dropping below $105,000 due to a developing bearish divergence, declining volumes, and repeated failures to push past resistance levels.
Bitcoin (BTC) slipped below $107,000, starting the week in the red as markets turned cautious ahead of the July 9 US tariff deadline. Broader market sentiment was mixed, with several altcoins registering sharp declines, while others registered marginal increases.
Bitcoin’s (BTC) price action was subdued on Friday and Saturday but picked up on Sunday, rising nearly 1% to cross $108,000 and settle at $108,350. However, the flagship cryptocurrency is back in the red during the ongoing session, down 0.655, trading around $107,640.
Bitcoin (BTC) has remained stationary over the past 24 hours, holding above $107,000 to trade around $107,350. However, ETF demand and Fed policy cues could significantly dictate price action in the near term.
The Bitcoin (BTC) price is hovering around $107,200 as markets wait for a catalyst to push the price higher. The flagship cryptocurrency is trading near its all-time high, marginally down over the past 24 hours, trading around $107,261.
