Bitcoin Maintains Bullish Trend Despite Support Level Breach
- Bitcoin is currently trading at $105,841.
- The analyst Sherpa indicates Bitcoin remains in a strong bullish trend.
- Bitcoin recently broke below the $106,000 support level but has strong support around $104,000.
- Sherpa suggests Bitcoin may fall to just above $103,000 before consolidating.
- Popcat (POPCAT), a memecoin in the Solana ecosystem, is down about 30% this week and is in “dangerous territory.”
Despite breaking below the $106,000 support level, Bitcoin’s current trading price of $105,841 and strong support at around $104,000 suggest a continued bullish trend according to analyst Sherpa. Meanwhile, Popcat faces potential risks after a significant decline.
Source (2.6)https://dailyhodl.com/2025/05/31/bitcoin-is-still-in-a-strong-bullish-trend-despite-losing-major-support-level-says-trader-heres-his-outlook/?rand=59076
