Bitcoin Trades Near $103K as Market Awaits Breakout or Retest of Key Support

Bitcoin’s price remains stable around $103,000, with traders closely watching for a breakout above $104,000 or a retest of the crucial $91,000 support level in coming sessions. 8 The market exhibits low volatility, indicating potential pressure for a breakout toward higher levels. Analysts believe a decline in momentum could result in Bitcoin revisiting the $91,779 to $92,000 area, while current structure suggests strength above key support levels. 9 While analysts anticipate continued consolidation around the $103,000 mark, broader technical indicators offer optimism with Bitcoin displaying relative strength and staying above key support levels.