Bitcoin Price: BTC Stalls at $105K Amid Bullish $157K Target 📈
Bitcoin's price remains stalled at $105K, reflective of a consolidation phase. Notably, trading volume surged over 45%, indicating revived market engagement.
Key liquidity zones are established at $110K resistance and $103K support, hinting at potential volatility. The Fibonacci target at $157K marks the next notable upside for the ongoing bull cycle. However, $92K remains a crucial support level to sustain Bitcoin's long-term upward trend.
This latest price action highlights both the challenges and prospects for Bitcoin as it navigates through this consolidation period.
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