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Bitcoin Price Update: Is a Retest of $100K Coming?

Bitcoin (BTC) is currently trading at $109,480, and it’s moving in a range between $106,300 and $110,350. 

BTC Chart (Source Coingecko)

The price is still holding above the EMA50, which shows that buyers are trying to stay in control. However, the RSI (Relative Strength Index) is neutral, meaning there’s no strong buying or selling momentum right now.

Recently, former U.S. President Donald Trump imposed new tariffs on Europe, which has created some uncertainty in the global markets. Because of this, Bitcoin is facing sell pressure as investors turn cautious.

If this pressure continues, there is a strong chance that BTC could retest the $100,000 support level in the coming days.

Keep an eye on the range. A breakout or breakdown will decide the next big move.

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