Bitcoin Trades Near $104,000 as Traders Assess Key Resistance

Bitcoin continues its upward trend but faces resistance at $109,500, prompting traders to watch for a confirmation of the uptrend before a potential pause. Recent price action shows Bitcoin moving steadily towards this resistance level after breaking above $67,000 mark. 800,000 active addresses and 55.3% dominance suggest strong market participation. While profit-taking is slowing whale accumulation, a close above $109,500 would be crucial for bulls to regain momentum. The weekly close will determine whether the current upward trend continues or if it stalls near the $120,000 mark.