This week, Bitcoin (BTC) has exhibited notable volatility, capturing the attention of investors and analysts alike.
Earlier in the week, Bitcoin approached the significant $100,000 threshold, reaching an intraday high of approximately $98,471.
However, it faced resistance and retreated to around $93,500.
Analysts have identified key support levels at $92,000 and $87,000, suggesting that a breach below these could lead to further declines.
Conversely, surpassing the psychological barrier of $100,000 could reignite bullish momentum.
Market sentiment has been influenced by various factors, including rising U.S. Treasury yields, which have exerted pressure on risk assets like Bitcoin.
Additionally, recent outflows from Bitcoin exchange-traded funds (ETFs) indicate a cautious stance among institutional investors.
As Bitcoin continues to navigate these dynamic market conditions, investors are advised to monitor these developments closely, as they may significantly impact future price movements.
#bitcoin #Binance #BinanceAlphaAlert #BNBBhutanReserves #USJoblessClaimsDrop