Bitcoin price faces resistance at $106,554: Recent analysis shows Bitcoin hit a resistance level of 106,554 USD, triggering a sell signal and pulling back to 104,642 USD. Key Fibonacci supports are identified at 103,785 USD, 101,663 USD, and the psychological level of 100,000 USD.
Market sentiment indicates caution amid bullish trends: Market sentiment has surged into an ‘extreme greed’ phase, alerting traders to potential corrections ahead. Despite this risk, Bitcoin maintains a bullish trend, and traders may find opportunities if key support levels can withstand selling pressure.