Bitcoin price has been retracing slowly from the $104,000 zone over the past 24 hours, hinting at indecision in the market.
Crypto analyst Tony Severino highlighted critical levels indicating whether Bitcoin is turning bearish or bullish.
Severino identified a well-defined resistance zone near the all-time high, suggesting potential reversal or breakout scenarios.
While conditions are currently mixed, indicators like trading volume and RSI readings will play a crucial role in determining a bullish breakout for Bitcoin.