Bitcoin Market Faces Volatility with Key Levels in Focus
- Bitcoin’s price fluctuated from $97K to $106K before stabilizing around $102,400.
- The Coinbase premium index indicates Bitcoin is priced lower on Coinbase than other exchanges, suggesting US investor selling pressure.
- A critical resistance level for Bitcoin is at $106K, while the support level is at $100K.
- A breakout above $106K could lead to testing the all-time high and targeting $110K.
- If Bitcoin falls below the $100K support, further consolidation or a deeper correction may occur.
Bitcoin’s recent volatility has seen its price consolidate between key levels of $100K and $106K. The market remains uncertain as traders watch for a decisive move that could either trigger a new rally or lead to further downside.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-trades-at-discount-for-the-past-month-signaling-selling-pressure-what-this-means/?rand=52377
