Could Bitcoin Hit $105,000 Again Before Retracing to 5-Digit Prices?

Analyst predicts a potential retracement for Bitcoin before reaching new all-time highs. Following a recent surge from $70,000 to $90,000 in April, Bitcoin experienced a brief dip before reclaiming its six-figure price levels. Now, the cryptocurrency is navigating a sideways movement between $102,000 and $105,000. Some analysts anticipate a further surge towards previously seen highs of $105,000, followed by a short-term retracement. 5-digit prices could become a reality before hitting new ATHs. The analyst cites Bitcoin’s ability to reach $99,500 as support for this prediction.