Bitcoin Holds Near $104K Despite Short-Term Pullback, Long-Term Outlook Remains Bullish

The current valuation of Bitcoin stands at approximately $103,890, with a market capitalization of over $2 trillion, experiencing a slight increase in the past hour. However, over the daily and weekly periods, there have been declines of 1.50% and 4.55%, respectively, despite a 7.8% rise over the past month. The related Osmosis allBTC token shows a similar pattern, with incoming minor gains in the short term and losses over longer periods. The trading volume indicates active interest, but the recent trends suggest caution due to short-term declines. Overall, Bitcoin remains a leading digital asset with a very high market cap but recent downward movements in short and medium-term periods reflect some volatility and correction phases. The monthly gain indicates resilience and potential for further growth over a longer horizon. Monitoring upcoming developments and market sentiment is crucial to assess whether the current dip is a buying opportunity or a sign of upcoming downside.