Bitcoin continues to oscillate within a narrow range following recent price fluctuations and macroeconomic changes. Despite a slight pullback, analysts report that the broader bullish structure remains intact.
Healthy Retest of 21 EMA Signals Structural Strength
EGRAG CRYPTO's latest three-day chart update highlights Bitcoin's retest of the 21-day Exponential Moving Average (EMA) as a healthy technical move. The asset is hovering near $101,500, a critical support level, suggesting the bullish trend is still in place. According to EGRAG, such pullbacks are common during upward cycles and often precede renewed momentum.
Liquidity Zones and Key Breakout Levels
Analysts now identify $103,000 as a critical near-term support, especially as geopolitical tensions and shifting investor positions add further uncertainty. A sustained break above $105,000, primarily if supported by substantial volume, could propel Bitcoin toward the $110,000 resistance zone.
Current Market Situation for Bitcoin
As of writing, Bitcoin is currently priced at $104,154.46, reflecting a 0.50% decline over the last 24 hours. The price briefly moved above $105,000 before pulling back and is now stabilizing near $104,370. Analysts note that the daily trend remains slightly bearish, with the market showing indecision and a lack of strong directional momentum.
Analysts point to the need for waiting for a decisive move to confirm the next trend in the Bitcoin market, noting that the current structure leaves room for further growth.
