Bitcoin Selling Pressure Intensifies as Bid Support Builds at $105K

The Bitcoin market is presently experiencing a noticeable surge in selling pressure, which is weakening the leading cryptocurrency’s ability to maintain high price levels. This pressure is evident in the relative decline in demand, as investors cautiously observe economic and regulatory developments. This situation coincides with an accumulation of buy orders around the $105,000 level, providing potential price support should the decline continue. Analysts are closely monitoring these levels to determine whether this support will be sufficient to absorb the selling pressure and prevent further declines. Furthermore, market sentiment is influenced by external factors such as inflation and interest rates, which further complicate the future outlook for Bitcoin. Anticipation remains high as we await the emergence of new catalysts that may restore balance to the market and support the resumption of the upward trend.