Bitcoin has mounted a recovery above the $103,500 support level after recent losses. The cryptocurrency climbed past $105,000 and tested resistance near $106,500, reaching a high of $106,593. BTC now trades above $104,000 and its 100-hour simple moving average, consolidating after breaking through a bearish trend line at $102,000.

Bitcoin has dropped below $104,000 and the 100-hour simple moving average, failing to hold above $105,000. The cryptocurrency declined to $98,900 before attempting a modest recovery. Bears remain active near $104,000, limiting upward momentum as the asset trades below key technical levels.