Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Bitcoin is trading above the key psychological level of $100,000, but the bullish momentum that drove prices higher in recent weeks has cooled as BTC fails to reclaim resistance near $105,000. After a sharp rally that saw Bitcoin surge more than 40% from its April 9th low, price action is now consolidating and testing demand. While bulls remain in control above the $100K mark, growing signs of uncertainty have led some analysts to warn of a potential breakdown if $100K fails to hold.
Despite these short-term concerns, long-term fundamentals remain strong. Data from CryptoQuant reveals that since April 4, Long-Term Holders (LTH) have added 339,000 BTC to their holdings. The consistent
Trending: President Trump Reveals Touching Reason He Was In Such A Hurry To Leave UAE
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!