The Bitcoin (BTC) market continues to exhibit a dynamic trend today, as per CoinStats data. While the price has dipped by -0.31% since yesterday, hourly charts indicate an upward movement following a false breakout of the local support level at $103,757. If this upward trend persists, we could see a test of resistance around $105,972 shortly. 📈 On a longer timeframe, bulls have failed to maintain momentum after yesterday’s bullish close. If the weekly candle closes near support, traders may witness a breakout followed by movement towards the $103,000 range. However, predicting Bitcoin’s long-term trajectory remains premature. A closing near the $104,000 level on the weekly chart or below could trigger selling pressure, potentially leading to a decline toward the $100,000 range in the coming weeks. At press time, Bitcoin is trading at $104,391.