Key takeaway: Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Bitcoin (BTC) has struggled to break above $105,000 since May 10, leading traders to question whether the bullish momentum has faded. Although BTC managed to reclaim the $104,000 level, demand for leveraged long positions has dropped sharply, as indicated by...
Bitcoin traders' evolving view of BTC's role in every portfolio bolsters $100K support
Coin Telegraph - 15 May 2025 23:02
Key takeaway: Bitcoin’s struggles to overtake the $105,000 level as US macroeconomic headwinds remain a challenge. Steady inflows from institutional investors and the strength of the $100,000 support point to growing confidence in Bitcoin. Bitcoin (BTC) has struggled to break above $105,000 since May 10, leading traders to question whether the bullish momentum has faded. Although BTC managed to reclaim the $104,000 level, demand for leveraged long positions has dropped sharply, as indicated by...
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