Bitcoin was stopped at $110,000 on a couple of occasions last week, and the last such rejection drove the asset south hard. At the end of the business week, BTC started to lose value rapidly, and the culmination came on Saturday when it dumped to a 12-day low of $103,100.
However, the bulls finally reemerged and prevented any further price declines. The cryptocurrency started to recover some ground and jumped to $106,000 on Monday. It was stopped there, but this pump-and-dump scenario repeated a few more times, including yesterday.
BTC stood at around $105,000 when it shot up to almost $107,000. However, it was rejected once again and has been pushed down to its current level of around $105,400.
Its market capitalization remains still at approximately $2.1 trillion on CG, while its dominance over the alts has taken another minor hit and is below 61% now.
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