Analyst: Bitcoin maintains at the $105,000 level but the structure remains fragile.

Gate News bot message: The public conflict remarks between U.S. President Trump and Elon Musk caused the Bitcoin price to fall to around $100,500, but over the weekend, the Bitcoin price rebounded and stabilized at around $105,500 in the past 24 hours.

However, analysts say that Bitcoin’s current trend is unstable. “Breaking above $105,000 indicates a strengthening market, but the structure remains fragile,” said Dominick John, an analyst at Kronos Research. “The fear and greed index is at 55, and market sentiment remains cautious, seeking macro triggers or trend confirmations.”

Additionally, Presto research analyst Min Jung stated: “The ‘corporate adoption strategy’ has supported the price of BTC, with more and more companies following the practices of Strategy.”

Looking ahead, analysts say that Bitcoin’s volatility in the short term will revolve around the upcoming macroeconomic news.

Jung said: “We may see volatility rebound in the middle of the week… The Consumer Price Index (CPI) and the Producer Price Index (PPI) have both been released, and any unexpected upward movement in inflation data could put widespread pressure on risk assets, including cryptocurrencies.”

Source: The Block

BTC1.13%
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