The rise of Bitcoin stopped at 107 thousand Dollars - the bullish momentum is still working.

The price of Bitcoin has declined, but it remains above the key support levels at 102,000 Dollar despite a daily drop of 1.22%, indicating that the upward momentum is still intact.
The recent pullback seems to be a technical retest of the breakout levels, with Fibonacci zones acting as a point of stability.
The high trading volume and market capitalization flexibility indicate sustained investor interest despite short-term volatility.
The price of Bitcoin has recently experienced a temporary decline, as this digital asset is trading near the level of 107,500 Dollar after a period of sustained upward momentum. Although the core digital currency still has a strong structure, its value has decreased by 1.22% during the day, raising concerns about the recent rise. The recent decline does not alter the overall bullish stance on Bitcoin, as several factors indicate that many are still interested in it.

Price movement indicates caution after the breakout.
The price of Bitcoin had surpassed a downward trendline earlier this month, indicating a shift in market sentiment and paving the way for a significant rise that saw prices reach their highest levels in several months. The breakout above resistance levels near 96,000 Dollar and 102,000 Dollar confirmed a trend reversal, leading to new buying pressure. However, the price faced rejection below the 110,000 Dollar level, prompting a slight correction to 107,534 Dollar at the time of writing this report.