| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107351.3400000000 |
| ETH | $2435.2630000000 |
| BNB | $649.5099600000 |
| XRP | $2.1866900000 |
| ADA | $0.5621686000 |
| SOL | $150.0801000000 |
| DOGE | $N/A |
| DOT | $3.4026500000 |
| LTC | $86.4917000000 |
| LINK | $13.3516800000 |
Category: CRYPTO NEWS
The post Bitcoin Faces Uncertainty Below $108,000 as Weekly Candle Indicates Market Indecision appeared on BitcoinEthereumNews.com. Bitcoin’s price action remains uncertain as it struggles to surpass the critical $108,000 resistance, signaling a market caught between bullish optimism and bearish caution. After a failed breakdown below $100,000 last week, Bitcoin’s weekly candle exhibits long wicks on both ends, reflecting a tug-of-war between buyers and sellers that has led to a consolidation phase. According to prominent trader Daan Crypto Trades, the mixed news flow and market sentiment have contributed to this indecisiveness, with a decisive weekly close above $108K needed to confirm a bullish breakout. Bitcoin stalls below $108K amid mixed signals and market indecision, with traders awaiting a clear breakout to confirm the next major price move. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s recent price behavior highlights a pivotal moment as it hovers just below the $108,000 resistance level. This threshold is widely regarded by analysts, including Daan Crypto Trades, as essential for validating a sustained bullish trend. The weekly candle’s formation—with its characteristic long upper and lower wicks—illustrates a market in flux, where neither bulls nor bears have secured definitive control. This indecision is further compounded by fluctuating news events, which initially sparked optimism before giving way to bearish pressures. The current price structure suggests a classic consolidation pattern, where traders are adopting a cautious stance amid conflicting signals. The failure to close above $108,000 on a weekly basis has led to…
2025-06-15T02:36:44+00:00