Bitcoin Bitcoin has once again surged above the $106,000 mark, signaling renewed bullish momentum after a volatile start to June.The leading
Bitcoin has once again surged above the $106,000 mark, signaling renewed bullish momentum after a volatile start to June.
The leading cryptocurrency is now trading at $106,364.50, marking a 3.27% gain over the past month, according to data from CoinMarketCap.
Despite a brief drop below $101,000 on June 5th, Bitcoin quickly rebounded, supported by strong dip-buying interest. The volume-to-market cap ratio (1.72%) and sustained on-chain activity suggest the asset remains in strong hands.
Key Resistance Levels to Watch
Based on the 1-month chart:
Momentum Outlook
While daily volume has cooled slightly, the broader trend remains intact. With Bitcoin hovering just under its local highs, a breakout above $107.5K could invite additional institutional inflows and trigger bullish technical confirmation.
As market sentiment recovers and macroeconomic conditions stabilize, all eyes are now on whether BTC can convert $107.5K from resistance to support — setting the stage for a new leg higher.
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