Bitcoin experienced significant price volatility, falling below the $107,000 threshold with an intraday low recorded at $105,250.
This downward movement highlights persistent market fluctuations, prompting analysts to identify potential support levels around $100,000 should the selling pressure continue.
Despite the recent price decline, on-chain data analytics firm CryptoQuant reports strong growth in Bitcoin’s realized capitalization, indicating sustained underlying bullish momentum.
Positive sentiment, including institutional adoption and optimistic forecasts like predictions of Bitcoin exceeding $110k later this quarter, is cited as potential stabilizing factors amidst the volatility.
The market situation necessitates close attention to technical indicators and broader economic trends for effective navigation.