Bitcoin Price: BTC Stalls at $105K Amid Bullish $157K Target
The post Bitcoin Price: BTC Stalls at $105K Amid Bullish $157K Target appeared on BitcoinEthereumNews.com.
TLDR: BTC trading volume surged over 45%, signaling renewed market participation Key liquidity zones form at $110K resistance and $103K support, suggesting volatility Fibonacci target at $157K marks the next major upside level for the current bull cycle $92K remains a vital support to sustain Bitcoin’s longer-term uptrend structure Bitcoin remains in a consolidation phase as traders monitor crucial price levels for a possible breakout or breakdown. The digital asset faces a crucial juncture with liquidity zones positioned both above and below current levels. Market analysts are monitoring key technical indicators while Bitcoin trades approximately 5% below its all-time high achieved last month. Trading activity has intensified recently, with volume surging 45.30% compared to the previous day. BTC Price Analysis Bitcoin price has demonstrated relative stability over the past 24 hours, fluctuating between $103,977 and $106,443. The weekly trading range expanded further, reaching highs of $110,370 and lows of $103,414. Current market data reveals BTC experiencing a modest decline of 0.35% in the last 24 hours alongside a 3.95% drop over the past seven days. The 24-hour trading volume reached $28,087,283,962, indicating substantial market participation. This volume increase signals growing interest from institutional and retail traders despite the recent price consolidation phase. Cryptocurrency analyst Daan Crypto Trades highlighted the current market structure as a critical crossroads situation. The trader emphasized major liquidity concentrations above $110,000 and below $103,000, creating potential volatility zones. These levels represent key battlegrounds where significant buying and selling pressure could emerge. $BTC Not much price action at the start of the month just yet. Trying to do as little as possible here as we’re at this crossroad. There are still a lot of positions built up on both sides. Major liquidity zones above $110K and below $103K. https://t.co/148vxQ3FIA pic.twitter.com/iFdSVJssIe — Daan Crypto Trades (@DaanCrypto) June 3,…
Filed under: News - @ June 3, 2025 9:22 am