Bitcoin Bounces Close to $104K but Lacks Bullish Momentum

Recent price action for Bitcoin shows a bounce near the $104,000 mark. While this movement is optimistic, there are concerns about the lack of momentum to trigger a full-blown bull revival.

Technical analysts note that the market needs to show signs of sustained strength to confirm any bullish trends. Traders are waiting for the right signals to confirm whether this bounce can be sustained or if it will revert again. The uncertainty leaves many investors at a crossroads as they contemplate their next steps in this volatile market.