Bitcoin Hits $104K But Faces Pullback Risk Amid Overbought Signals

  • Bitcoins breakout above the critical $100,000 level marked a major psychological milestone for the market, peaking near $104,000 after cleanly breaching the $98,000 resistance. However, despite the bullish excitement, analysts urge caution, suggesting this surge may be a short-term overextension rather than the beginning of a sustained rally.