Bitcoin is currently trading at $104,589 with a 24-hour trading volume of $42.32 billion. The cryptocurrency has experienced a consolidation phase after a strong rally, with support levels at $103,000 to $104,000 and resistance at $106,500 to $107,000. Trading volume has decreased, indicating indecision or a pause in the market. Traders may find buying opportunities near $104,000 with a target of $106,500. A breakout above $107,000 could lead to a further upward move. However, concerns about sustainability have arisen due to fading momentum, neutral oscillator readings, and the possibility of a corrective phase if support at $104,000 breaks.



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