Bitcoin's upward trajectory has slowed down after reaching over $105,000. Analysts are questioning whether the cryptocurrency can overcome the resistance level at $108,000, its previous all-time high. The decline in funding rates suggests that demand may be weakening, casting doubt on the current bullish momentum's strength. Lack of market enthusiasm reflected in funding rates is a primary obstacle to breaking the $108,000 barrier. However, long-term holders remain resilient and confident in Bitcoin's value, providing steady support for the cryptocurrency.



Other News from Today