Bitcoin’s Recovery Stumbles: Is a $108,000 Breakout Inevitable?

After a 4% plunge on June 13th that took Bitcoin below $104,000, the cryptocurrency has rebounded to around $105,000. However, recent data suggests this recovery is fragile and lacks investor conviction. 46% of traders now display a bearish sentiment, according to CryptoQuant’s Advanced Sentiment Index, falling short of a neutral 50%. Bitcoin faces resistance near $108,000 while its support at $104,700 remains critical.