The week is starting on a quiet mode with BTC trying to find its footing around $108K. Bitcoin is still moving sideways, trading between $107,600 and $107,800 after getting rejected near $112K. It’s now testing the $107K support, where buyers are trying to step in. The key zone to watch is between $106K and $105K, holding above it could spark a rebound toward $111K–$114K, but if it breaks below, another drop toward $104K–$103K may follow. For now, BTC remains in consolidation mode, waiting for its next breakout move.
Ethereum is holding steady, and most altcoins are moving sideways with no major breakouts in sight.
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What’s your take, are we gearing up for a bounce or another leg down?
For me personally, what’s happening now isn't sideways instead, I see a downtrend. If I’m reading it correctly, Bitcoin’s price might reverse at a bit above 108k,
and once it hits that the price of Bitcoin will likely drop again either to 103k$ or $100k.
So right now, I don’t see anything unusual happening with Bitcoin’s price. However, while this is going on with Bitcoin, some of the other top altcoins are pumping like BGB
and a few other coins in the market.