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""Bitcoin $107.5K — fork or pause? Bitcoin without momentum""
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The day is ending under pressure — Bitcoin is down about 2% and is settling at the $107,500 mark. After an attempt to test the $110,000 zone, the asset returned within the bounds of the sideways range. Current levels indicate uncertainty among market participants: trading volumes remain average, and volatility is low.
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The nearest support is seen around $107,200. If it is broken, a move to $105,000 can be expected. Resistance remains at the same $110,000, above which is the selling zone at $111,500, where a local maximum was recorded last week. The intraday structure remains weak—there is a lack of momentum, and most traders are taking profits or waiting for new signals.
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Fundamentally, the market is receiving mixed signals. On one hand, institutional interest remains — GameStop has invested over $500 million in Bit, which supports "long-term demand." On the other hand, against the backdrop of overall instability and expectations for the U.S. economy, many prefer to stay on the sidelines.
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The market needs a trigger: either major news or a sharp movement can break the price out of the range. For now, the "waiting" mode and trading from levels prevail.