Bitcoin (BTC) is currently priced at $102,941.73, down 0.47% over the last 24 hours. This minor drop, while not dramatic, pushed BTC below the psychological $103,000 threshold. Thus, raising concerns about its short-term momentum.
Bitcoin maintains a market capitalization of over $2.04 trillion. It saw daily trading volumes of more than $58 billion. Analysts suggest the next support lies near $101,500, while resistance remains at $105,000. Despite the minor dip,continues to exhibit stronger relative performance compared to most altcoins.
The world’s largest crypto is on track to confirm a ‘golden cross’ in the coming days. The pattern occurs when the 50-day simple moving average (SMA) of prices crosses above the 200-day SMA. It suggests that the short-term trend is outperforming the broader trend, with the potential to evolve into a major bull run. The golden cross first appeared in 2024 when the BTC price jumped from $70K to $100K.
