3 hours ago
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This price level marks a slight retreat from the recent local high of over $111,000, seen just days earlier. The move reflects a moment of consolidation after an intense rally earlier this month.
Market Snapshot
Data from Binance and TradingView indicates that Bitcoin touched a 24-hour high of $107,843.79 and a low near $107,567, signaling a tight trading range. Trading volume over the past 24 hours reached more than $2.1 billion, and the total value of Bitcoin transacted sits around $46.19 billion, suggesting consistent activity despite the price plateau.
Key Technical Levels
On the chart, BTC appears to be stabilizing above the $106,000 mark, which now acts as immediate support. If this level breaks, the next critical zone lies between $103,500 and $102,000, a range that previously served as consolidation support in mid-May. To the upside, $109,000 is the near-term resistance, followed by $111,000 — the recent local peak.
Market Outlook
While the short-term momentum has slowed, the larger trend remains intact. The recent dip may represent a healthy correction, allowing the market to cool off before another potential leg upward. With volatility staying elevated and bulls still largely in control, traders are closely watching for confirmation of either a renewed breakout or a deeper retracement.
The post Bitcoin Price Slips Below $108,000 — Key Levels to Watch Next appeared first on Coindoo.
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