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Can Bitcoin (BTC) Maintain Its Momentum Above $108K Amid Mixed Signals?

  • Bitcoin regains ground, reaching an intraday high of $110,376.88, settling at $109,039.59 with a 1.27% increase in 24 hours.
  • Market cap rises to $2.16 trillion with a 24-hour trading volume of $47.64 billion, indicating increased market activity and liquidity.
  • Bitcoin's current technical outlook indicates support at $108,571 and resistance at $110,422, with a neutral sentiment and potential for a directional move.
  • Short-term strength is supported by tight supply and active trading, while caution is advised due to neutral RSI, flat CMF, and converging moving averages.

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