Bitcoin Approaches $108,000 Barrier: Volatility Persists as Bullish Sentiment Faces Uncertainty

Crypto markets witnessed heightened volatility this week as Bitcoin neared a crucial price level. While the cryptocurrency’s value continued its upward trend, traders were closely watching for a potential breakout that could sustain the ongoing bullish movement. However, caution remained a significant factor in the market’s overall sentiment, influenced by recent liquidations and the performance of other altcoins. 24-hour liquidations reached over $200 million, indicating market fragility, while the broader cryptocurrency landscape still reflects lingering bearishness after the FTX crash.