Bitcoin has returned to a crucial support level after struggling to maintain its position above the $106,000 threshold. Initially, investors were optimistic following a brief rally that approached resistance levels, igniting hopes of a potential breakout.
However, this enthusiasm was short-lived as the cryptocurrency quickly retraced, falling back into the demand zone between $103,000 and $104,000. This recent price action has reignited concerns and prompted a more cautious approach among traders.
