Bitcoin is increasingly polarizing among market participants regarding the continuation of the bull market and the potential for new all-time highs. Currently, the price action of BTC retargets $105,000 after a brief drop, recovering 2.5% from the day's lows. Traders are split, with some optimistically predicting a successful retest if Bitcoin maintains support around $104,400. Conversely, warnings from others highlight bearish indicators, suggesting the bull run may be nearing its end due to weak volume and bearish divergences. Key price levels include $102,000 and $106,000, which frame the current trading range. Analysts note that $106.6K is a significant supply cluster level, indicating substantial resistance. Various predictions regarding BTC’s future price have surfaced, highlighting the uncertainty present in the market. Investors are advised to be cautious and conduct thorough research before making trading decisions as market volatility continues.

Source đź”—