The price of Bitcoin stands at 102,994 USD, down 7.21% from its all-time high of 111,000 USD. Weakening retail interest is a primary factor stalling its recovery process, as evident in the decreasing activity among traders.
Total transfer volume for smaller transactions has dropped from 423 million USD to 408 million USD, indicating less engagement from retail traders. Additionally, the exchange reserve for Bitcoin has fallen to 244.01 billion USD, demonstrating a lack of buying pressure despite reduced selling activity.
Key resistance levels at 103,500 USD (Fibonacci) and 107,439 USD (Parabolic SAR) pose challenges for BTC’s potential recovery. Without significant retail engagement or long-term accumulation, Bitcoin may struggle to break through these barriers.
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