Bitcoin slipped to $109,000 amid Memorial Day trading but is up 1.7% in 24 hours.
Short-term Bitcoin holders realized $11.4 billion in profits over the past 30 days, intensifying selling pressure.
A temporary US delay on 50% EU tariffs spurred gains in crypto and European stocks.
Analysts suggest Bitcoin may face a consolidatory phase due to profit-taking by short-term holders, while still projecting an upward trend in the third quarter.