CandleFocus

Bitcoin (BTC) Falls to $103K After Hitting Record High of $108K

Author: Content Editor
The global crypto market cap decreased by 3.18% to $3.63 trillion, signaling a market downturn. However, the total crypto market volume increased by 0.81% to $206.04 billion, indicating sustained trading activity. Bitcoin's price dropped by 3.4% to $103,805.29 after reaching an all-time high of $108,268.45. Historical trends suggest potential corrections before a potential peak in the bull market at $220,000. Bitcoin's market cap decreased by 3.33% to $2.05 trillion, while trading volume increased by 3.37% to $77.82 billion. Support for Bitcoin is seen at $102,358, with stronger support near $99,715. Resistance is currently at $110,000. The Relative Strength Index (RSI) suggests a cooling of buying pressure, but the 9-day moving average remains above the 21-day moving average, indicating a broader bullish trend. Traders should monitor support and resistance levels due to bearish sentiment in the short-term.

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