Bitcoin Holds $105,000 But Analyst Warns: ‘We Need Fresh Capital’

Bitcoin (CRYPTO: BTC) is holding firm near the $105,000 level, but with momentum fading and money flow lagging, traders are questioning whether the next move will be a breakout or a dip that creates fresh long opportunities.

What Happened: In an updated on his exclusive Patreon page, prominent analyst Kevin emphasized that while crypto saw a strong rebound recently, the focus now shifts to the critical levels ahead.

Bitcoin is currently hovering near the 4-hour 200 SMA and sits just below the macro 1.703 Fibonacci level at $106,800 — a zone he calls the “turning point.”

He explains …

Full story available on Benzinga.com