Bitcoin’s Bumpy Ride: Will It Reach $107K or Retreat to $100K?

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BTC/USD

Bitcoin‘s (BTC) price has decided to take a little nosedive — down by a modest 2.64% since yesterday. Because who doesn’t love a good dip to keep things exciting?

On the hourly chart, BTC is trying to put on a brave face after a charmingly false breakout of the support level at $104,688. If the bullish folks can keep their enthusiasm alive, we might see a hopscotch up to the resistance at $106,207 by tomorrow. Fingers crossed, or maybe just fingers crossed for Bitcoin’s next attempt to play nice.

Looking at the grander scheme—think Titanic-sized grand—the main cryptocurrency did a bit of a fakey with yesterday’s low. If the current candle closes far from that dubious support level, our brave buyers might just seize the moment and rocket back to the $107,000 fortress. Who doesn’t love a good bounce, right? 🎢

In the midterm saga, Bitcoin has once again pulled a clever trick by faking out the $109,356 resistance. If the candle closes at or below current prices, we could be gazing at a test of the $100,000 territory—because what’s more fun than a downturn when you’re just settling in for a rollercoaster ride?

As of press time, Bitcoin is hanging out at a cool $105,658 — probably wondering where all the good times went.

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2025-05-30 13:49