Bitcoin (BTC) Price Analysis & Prediction: BTC Crossed the $105,000 Threshold Twice Despite Dipping to an Intraday Low of $102,000

Bitcoin experienced a highly volatile trading session, crossing the $105,000 threshold twice despite dipping to an intraday low of $103,000.

Bitcoin began the day in the red after failing to hold onto gains made in the previous session, but it later recovered and crossed the $105,000 threshold twice during a highly volatile trading session.

After closing the previous day at $103,963, Bitcoin showed early signs of recovery as it briefly crossed the $105,000 mark. It climbed to $104,079 at around 00:10 UTC, showcasing the cryptocurrency’s unpredictable momentum.

However, by 00:20 UTC, it had lost $318 after failing to sustain those gains and was trading below the previous close, priced at $103,645.50. Bitcoin’s decline deepened as it dropped to $103,099.19 at 02:03 UTC, marking a loss of $864.40 from its previous closing price.

Around 03:24 UTC, the biggest cryptocurrency further lost ground, falling to a day low of $102,986.10 — a decline of $977.4.

Soon after, at 03:40 UTC, Bitcoin started to regain its losses and was up $107.4 to $104,070.90. As the rebound persisted, Bitcoin broke into the positive zone, climbing to $105,206.60 at 06:01 UTC, an increase of $1,243.1.

At 06:39 UTC, Bitcoin fell back down to $104,738.50, but it recovered fast and went back over $105,000. The market value had increased to $105,118.00 by 07:06 UTC.

In the same time frame, Dogecoin (DOG) gained 1.64% and reached $0.3577, Litecoin (LTC) climbed 0.34% to $116.84, and Ether (ETH) climbed 1.57% to $3,393.