Bitcoin Price Stabilizes Above $105,000 as Traders Eye Key Levels

Bitcoin prices have surpassed $105,000 following a decline influenced by macroeconomic factors and volatility from a public dispute between US President Donald Trump and Elon Musk.

Key Price Levels for Bitcoin

Current Bitcoin price is $105,745, up 1.07% in the last 24 hours.
Short-Term Holder (STH) cost basis is at $97,100, indicating potential market behavior.
The +1STD resistance level identified by Glassnode is $114,800, which could trigger buying pressure if surpassed.
The -1STD support level is set at $83,200; falling below this could lead to market weakness and liquidations.

Bitcoin's daily trading volume decreased by 34.27%, totaling $38.66 billion. Maintaining above the STH cost basis suggests a bullish outlook towards resistance at $114,800. A drop below $97,100 points to risks of retesting support at $83,200.