Bitcoin Struggles to Hold Gains as Momentum Stalls Near $100K

By: cryptosheadlines|2025/05/14 04:30:06
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin drops 3.10% in 24 hours as rising profit-taking pressures its recent gains above $105,000.Weak activity from momentum buyers and a low RSI signal slowing upward strength in Bitcoin’s short-term trend.First-time buyer interest remains steady, with institutional investors continuing to accumulate despite broader market cooling.Bitcoin has seen a notable pullback after climbing above $105,000 earlier in the week. The cryptocurrency has retraced to around $101,000 following a wave of profit-taking by long-term holders. According to CoinMarketCap data, Bitcoin’s price dropped by 3.10 percent in the past 24 hours. This price movement comes after a surge from a low of $93,000 within seven days.On-chain analytics firm Glassnode highlighted increased consolidation risks in a recent update. While the market remains in a broader bullish phase, Bitcoin’s pace has slowed as selling pressure builds. Investors who entered during earlier price dips are now offloading positions. This has contributed to the recent decline, pushing Bitcoin closer to the $100,000 mark again.Momentum buyers show signs of slowing activityThe cryptocurrency’s short-term momentum appears to be weakening. Bitcoin’s momentum RSI has dropped to around 11, indicating reduced strength in price trends. Analysts note that momentum buyers, who typically fuel sustained growth, have largely paused their activity. Their absence has reduced the upward force behind recent price moves.Despite slowing momentum, Bitcoin’s First-Time Buyer RSI has remained at 100 throughout the week. This metric reflects continued demand from new entrants to the market. Institutional interest is also showing consistency, as large-scale investors maintain accumulation strategies. However, this has not yet been enough to counterbalance the prevailing profit-taking trend.With strong profit realization by early investors and limited action from momentum traders, Bitcoin’s upward trajectory faces resistance. Analysts expect the market could enter a consolidation phase in the near term. Although fresh demand is still entering, current market dynamics suggest Bitcoin may need a period of stabilization before resuming its climb.Source link

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