Bitcoin Clings to $104K Support as Bears Circle—Will the Floor Hold?

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2025-05-30 14:00:21

Bitcoin Battles Key Support at $104K Amid Bearish Signals

BTC’s make-or-break moment arrives as sellers test critical support. The king of crypto hasn’t seen this price level since the 2024 halving frenzy—and traders are sweating the charts.

Technical indicators flash red: RSI dipping below 50, volume drying up faster than a DeFi project’s liquidity pool. But remember—Bitcoin’s died a thousand deaths before. Wall Street analysts (busy shorting it) call this ’the big unwind.’ Crypto OGs call it Tuesday.

One thing’s certain: if $104K cracks, the leverage liquidations will be glorious. Just ask your friendly neighborhood crypto lender—if you can find one not in bankruptcy proceedings.

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