Bitlocus USD Price & Performance (BTLUSD)

Bitcoin's price dipped to around $103,615 today after briefly touching $104,104 earlier, reflecting ongoing resistance at the $105,000 level. Despite the slight pullback, the cryptocurrency remains above yesterday’s value, signaling continued interest. Market watchers suggest a break above $104,000 could trigger further gains, but caution prevails.123

A rare sell signal on Bitcoin's weekly SuperTrend indicator has reappeared, echoing the warning that preceded the 2022 downturn. While Bitcoin continues to show strength above $100,000, analysts warn this signal could indicate a market top, potentially exposing BTC to a significant correction if history repeats.45

Recent technical analysis points to Bitcoin maintaining support above $100,800, with buyers still favored. However, if this level fails, a retreat toward $96,500–$98,000 is possible. Conversely, a strong move above $104,000 may see a retest of recent highs, highlighting heightened volatility and uncertainty in the market.678