negative
Recently
Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment
Bitcoin traded near $104,785 amid regulatory uncertainty and low volumes, with analysts warning of downside risk toward $93,600 in short-term correction.
Bitcoin’s price continued testing resistance around $104,785 on November 7, reflecting a fragile investor mood amid global regulatory uncertainty. Technical indicators point to short-term bearish momentum, with potential downside levels near $93,600 if sentiment deteriorates. Market analysts highlight low trading volumes and risk-off behavior following U.S. macro data releases. Altcoins mirrored Bitcoin’s cautious trend, with Ethereum and Solana showing minor pullbacks. Broader market activity suggests traders are awaiting regulatory clarity before re-entering with significant positions.