Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential

Bitcoin Sees Modest Gains, But Demand Weakness Limits Breakout Potential
Reason to trust

Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark earlier today. At the time of writing, the cryptocurrency is trading at $105,383, reflecting a 0.8% increase over the past 24 hours.

While this upward move has not sparked a major breakout, analysts are paying close attention to on-chain and market structure indicators that suggest a cautiously balanced environment.