Bitcoin hovers around $102K mark as Ethereum gains slightly
Bitcoin held steady at a trading level of $102,823 on Wednesday, dipping 1.2% as sellers stayed in control.
Meanwhile, Ethereum edged up 0.8%, and XRP rose 3.17% while Dogecoin gained 1.44%—so not all crypto news was gloomy.
Bitcoin's next big moves hinge on $110,505 and $99,345 thresholds
Most traders expect Bitcoin to hover between $100K and $104K for now, with only a few betting on bigger moves.
If Bitcoin climbs past $110,505, it could spark a rally; but if it slips below $99,345, things might get rougher.
Even with some nerves in the air (the Fear & Greed Index is displaying a score of 55 [Greed]), big investors are still backing Bitcoin—ETF inflows hit $524 million.
Traders eye potential breakout or pullback
Analysts say resistance is strong around $104K, with support near $101K-$101.5K.
If prices break through the ceiling, we could see new highs; if not, there's risk of a drop toward $93K.
For now, everyone's watching to see which way things tip next.