Bitcoin Struggles Below $108K Amid Trend Shift
BTC’s short-term bullish trend is fading as prices dip below $108K, with eyes now on support near the lower $100K range.
- BTC loses momentum below the $108K mark.
- Short-term bullish trend appears to be ending.
- Market eyes lower $100K support zone.
BTC Struggles to Hold $108K
Bitcoin’s recent rally may be losing steam. The flagship cryptocurrency has fallen below the critical $108,000 resistance level, a signal that the short-term bullish trend could be over.
For weeks, Bitcoin has been testing higher highs, pushing through key zones and gaining support from growing institutional interest. But with prices unable to sustain above $108K, the market is beginning to turn cautious. Technical analysts are now watching for a potential slide into the lower $100K region.
What the Charts Are Telling Us
The price action suggests a shift in sentiment. As long as BTC remains under $108K, the risk of a pullback grows. Traders and analysts now see the lower $100K zone as a potential target and support level.
This doesn’t necessarily mean a full-blown bear market is on the horizon, but it does show that bulls may be taking a breather. A correction at this stage could reset the market for a healthier climb later—if key support holds.
Traders Should Watch Key Levels
For short-term players, the $108K level now acts as critical resistance. A move above it could revive the bullish case. But until then, caution is advised. Long-term holders may not be worried, but those in for quicker gains will be closely watching for signs of either breakdown or bounce.
Market volatility remains high, and with macro and crypto-specific events constantly shaping the landscape, adaptability remains key.
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