US EditionBitcoin Price Struggles at $105,000 Resistance: Could a Rally to $130,000 Be Possible?
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Bitcoin stalls near record highs amid derivative pressures but breakout potential remains - Invest In Crypto News
Bitcoin (BTC) continues to exhibit on-chain strength despite a prolonged period of price compression between $100,000 and $105,000. According to Fidelity Digital Assets’ VP of research, Chris Kuiper, the flagship crypto remains in its “Acceleration Phase,” a period characterized by elevated wallet profitability and volatility, even as derivatives activity dampens upward momentum. Bitcoin closed at $104,119 on May 13, with 99% of addresses in pr…
Bitcoin Price Struggles at $105,000 Resistance: Could a Rally to $130,000 Be Possible?
The post Bitcoin Price Struggles at $105,000 Resistance: Could a Rally to $130,000 Be Possible? appeared on BitcoinEthereumNews.com. Bitcoin’s recent resistance at $105,000 has raised expectations of a potential uptrend, but careful analysis is crucial moving forward. The latest data indicates that traders are increasingly optimistic about a breakout, particularly as key support levels hold firm. “Retail traders showing impatience historically l…
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