Bitcoin Price Seeks Stability After Brief Surge Past $105,000

Despite reaching a new high above $105,000 earlier this week, Bitcoin’s price has experienced a pullback, dropping 3.10% in the past 24 hours to around $101,000. The decline is attributed to profit-taking from long-term holders and decreased momentum, as buying activity from investors seeking short-term gains slows down. While institutional investors continue to accumulate, a lack of sustained momentum signals potential market stabilization before resuming upward trend.