Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment

Bitcoin traded near $104,785 amid regulatory uncertainty and low volumes, with analysts warning of downside risk toward $93,600 in short-term correction.

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Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment

Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment
Bitcoin’s price continued testing resistance around $104,785 on November 7, reflecting a fragile investor mood amid global regulatory uncertainty. Technical indicators point to short-term bearish momentum, with potential downside levels near $93,600 if sentiment deteriorates. Market analysts highlight low trading volumes and risk-off behavior following U.S. macro data releases. Altcoins mirrored Bitcoin’s cautious trend, with Ethereum and Solana showing minor pullbacks. Broader market activity suggests traders are awaiting regulatory clarity before re-entering with significant positions.
Related:
Bitcoin steady near $103K amid volatile altcoins
Forex24• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
negative
1h ago

Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment

Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment
Bitcoin’s price continued testing resistance around $104,785 on November 7, reflecting a fragile investor mood amid global regulatory uncertainty. Technical indicators point to short-term bearish momentum, with potential downside levels near $93,600 if sentiment deteriorates. Market analysts highlight low trading volumes and risk-off behavior following U.S. macro data releases. Altcoins mirrored Bitcoin’s cautious trend, with Ethereum and Solana showing minor pullbacks. Broader market activity suggests traders are awaiting regulatory clarity before re-entering with significant positions.
Related:
Bitcoin steady near $103K amid volatile altcoins
Forex24• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
Breaking
negative
Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment
about 2 hours ago
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Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment

Bitcoin traded near $104,785 amid regulatory uncertainty and low volumes, with analysts warning of downside risk toward $93,600 in short-term correction.

Bitcoin’s price continued testing resistance around $104,785 on November 7, reflecting a fragile investor mood amid global regulatory uncertainty. Technical indicators point to short-term bearish momentum, with potential downside levels near $93,600 if sentiment deteriorates. Market analysts highlight low trading volumes and risk-off behavior following U.S. macro data releases. Altcoins mirrored Bitcoin’s cautious trend, with Ethereum and Solana showing minor pullbacks. Broader market activity suggests traders are awaiting regulatory clarity before re-entering with significant positions.
Bitcoin hovers near $104,785 as regulatory uncertainty weighs on sentiment
Bitcoin’s price continued testing resistance around $104,785 on November 7, reflecting a fragile investor mood amid global regulatory uncertainty. Technical indicators point to short-term bearish momentum, with potential downside levels near $93,600 if sentiment deteriorates. Market analysts highlight low trading volumes and risk-off behavior following U.S. macro data releases. Altcoins mirrored Bitcoin’s cautious trend, with Ethereum and Solana showing minor pullbacks. Broader market activity suggests traders are awaiting regulatory clarity before re-entering with significant positions.
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Related:
Bitcoin steady near $103K amid volatile altcoins
Source: Forex24
By Ayush SamantarayExplore:High Return Equity Mutual Fund
Nov 7, 2025 • 05:18 IST

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