Bitcoin’s price weakened again after attempting to break above the US$107,000 level earlier this week. The recovery effort did not last long as selling pressure increased, while trading volume showed signs of decline. This condition indicates that the market may be facing a phase of buyer fatigue.
Bitcoin briefly strengthened above US$105,000 but failed to maintain its momentum, moving back below the 100-hour moving average. The US$105,000 level now serves as a key threshold determining the short-term direction. If the price falls below the US$102,500 support, selling pressure could intensify toward the US$100,000 area.
Trading Volume Weakens
Bitcoin’s trading volume has declined significantly over the past few days. This suggests that buying momentum has slowed after a strong rally since early November. The lack of new buying activity also shows that many market participants are waiting for clearer direction before re-entering.
Some analysts believe the recent sideways movement may signal that the market is entering a consolidation phase following an extended rally. However, if selling pressure continues to grow without sufficient buying support, a deeper correction remains possible.
Market at a Critical Point
The current conditions illustrate that Bitcoin’s market is at a critical juncture. To regain a positive trend, the price needs to break through the US$107,000–110,000 range. If this happens, market sentiment could improve and potentially attract renewed institutional interest.
On the other hand, if Bitcoin fails to break those levels soon, the price risks moving sideways or even entering a further decline. In this situation, market participants are advised to remain cautious and closely monitor key technical levels before making investment decisions.
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