Bitcoin Briefly Surpasses $106K Before Pullback, Analyst Sees Stable Momentum 📈
Bitcoin resumed its ascent, briefly exceeding $106,000 before resistance led to a slight pullback, currently trading at $104,153. Despite a 1% dip over 24 hours, it remains near record high levels.
According to CryptoQuant analyst Avocado Onchain, Bitcoin's rally isn't overheating. Funding rates on Binance and market buy volume indicate restraint. This cautious optimism suggests a stable rally path.
On-chain trends show gradual market buy volume increase since 2023, implying enduring investor appetite and potential for more gains, as sentiment recovers from past corrections.
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