Bitcoin Struggles Below $105K: Selling Pressure Holds Back Price

Bitcoin briefly dipped below the crucial $100,000 mark on Tuesday before attempting a rebound on Wednesday. However, the rally lost momentum quickly as buyers struggled to push prices higher during U.S. trading hours. This was largely due to a dense group of sell orders just above the current price level absorbing most buying attempts, limiting upward movement. The broader cryptocurrency market remains cautious as investors await the Supreme Court’s upcoming tariff ruling, which could impact both equities and cryptocurrencies.