Bitcoin's price has been consolidating near the resistance level of $108,000, but it is now falling towards the lower boundary of the consolidation. Technical analysis suggests a bearish trend with a potential decline if BTC remains below $108,000. However, it may be challenging for BTC to experience a significant price decline even with a pro-crypto president. BlackRock CEO Larry Fink predicts that BTC could reach $500,000 to $700,000 in the future, but this target can only be achieved if it breaks the resistance at $108,000. Currently, BTC is trading around $104,100 with a 2.65% decline in the past 24 hours and lower trading volume.



Other News from Today