Bitcoin struggles to maintain momentum, hovering 13.5% below the $110K milestone as market sentiment remains mixed.
BTC social dominance rises, signaling optimism, but historical trends suggest rallies often follow a decline in hype.
Flipping $105K to support is crucial for a rally, while losing $95,668 could push BTC to $89,800, invalidating the bullish outlook.
Bitcoin’s (BTC) recent price action has been marked by a struggle to sustain the bullish momentum needed to reach higher heights.
Despite traders wanting a sharp rise to $110,000, the market appears hesitant, suggesting a significant increase could still be some time away.