Bitcoin (BTC) has registered a significant uptick after starting the day on a sluggish note. The flagship cryptocurrency reclaimed $107,000 as momentum returned after a subdued weekend that saw the price retake $105,000. However, analysts have warned that BTC still risks a drop below $105,000, depending on the outcome of US-China trade talks.
Bitcoin (BTC) held firm above $105,000 as price action remained muted amid escalating political and market concerns. The flagship cryptocurrency had plunged to an intraday low of $100,421 late on Thursday before rebounding on Friday and reclaiming $105,000 on Saturday.
Bitcoin (BTC) has reclaimed $105,000, making a strong recovery after dropping to an intraday low of $101,201 on Friday. The flagship cryptocurrency is up nearly 2%, trading around the $105,071 mark.
Bitcoin (BTC) slumped to a low of $100,516 early during today’s session as bears took control of the price action. The flagship cryptocurrency dipped over 3% before recovering and moving to its current level. Despite the recovery, BTC is down nearly 2% over the past 24 hours, trading around $103,000.
Bitcoin (BTC) continues to trade around $105,000 as selling pressure and buyer exhaustion weigh on the price. The flagship’s cryptocurrency’s price action indicates indecision after its sharp retracement from its all-time high of $111,970. Momentum stalled after BTC reached this level as investors locked in their profits, leading to a decline that gradually transitioned into a sideways consolidation phase.
Bitcoin (BTC) extended its losses during the ongoing session, losing momentum after a brief spike to $106,059. However, the flagship cryptocurrency has demonstrated resilience, maintaining its position above $105,000, indicating strong support at this level.
Bitcoin (BTC) registered a marginal decline during the ongoing session as it remained pinned under the 20-day SMA. The flagship cryptocurrency has started the new month shrouded in uncertainty, with market watchers unsure where the market will head.
Bitcoin (BTC) has started the week in the red despite a weekend recovery that lifted the price from a low of $103,199 to beyond $105,000. However, the flagship cryptocurrency lost the $105,000 level during the ongoing session and is trading around $104,130.
Bitcoin (BTC) reclaimed $104,000 on Saturday as it rebounded from an intraday low of $103,361. The flagship cryptocurrency reached an intraday high of $104,896 before declining to current levels.
Bitcoin (BTC) has faced considerable selling pressure after reaching its new all-time high on May 22. Buyers are showing signs of fatigue after multiple failed attempts to push the price towards $115,000, leading to a substantial increase in bearish sentiment around the flagship cryptocurrency.
