Bitcoin's Big Week: Can It Hit $108, 400?

Bitcoin is at a crucial point. It needs to reach $108, 400 to keep the bull market going. This is a big deal because the market is very volatile right now. The past week has been rough. Bitcoin dropped below $104, 000, but things seem to be calming down. Traders are watching closely to see what happens next. One trader, Daan Crypto Trades, says the market is very volatile. This is because there are fewer orders and a lot of emotional trading. He predicts that this volatility will continue for a while. In the last 24 hours, there have been over $200 million in crypto liquidations. This shows just how unpredictable the market is right now.Another trader, Rekt Capital, says Bitcoin is close to securing a positive weekly close above $108, 381. This is important because it would keep the historical demand area intact. The crypto market sentiment has improved slightly. It's now out of the extreme fear zone, but it's still not great. One reason for this is the performance of altcoins. Altcoins are dragging the market down. A basket of the top 50 altcoins is now trading below where they were post-FTX crash in 2022. This is a big concern for many traders.