Bitcoin Faces Resistance After $106K Close, Back to $103K

On Sunday, Bitcoin ended last week just below $106,500, giving bulls hope that a new all-time high could be near. But that momentum did not carry into the new week. Instead, the market opened in the red, and Bitcoin dropped again currently trading just above $103,000.

Good to know

• Bitcoin has dipped by 0.51% in the past 24 hours.
• Ethereum saw a much steeper drop of 4.77% in the same period.
• Market watchers are focusing on Donald Trump’s trade policies.

The start of the week brought price declines across the crypto market. While Bitcoin’s 0.51% dip is relatively mild, Ethereum dropped nearly 5%. Other coins like Solana, Cardano, and TRON also slipped by more than 3%. Meanwhile, XRP and BNB stayed relatively steady, falling just 1.50% and 1.25% respectively.

This trend suggests that traders may be locking in profits after strong gains in recent weeks. That would explain the sudden pause in upward momentum as the market cools off.

Attention shifts to Trump’s trade stance

Much of the current market hesitation links back to uncertainty in global politics—especially around the U.S. and China. While Donald Trump’s team has reached what they are calling a deal with China, it only covers a 90-day window. That kind of temporary agreement does little to clear long-term concerns.

A three-month delay might sound useful, but in financial markets, it offers limited comfort. Investors want clarity, and right now, the global economy is still dealing with too many unknowns.

Until those concerns ease and the trade war truly fades into the background, it will be tough for Bitcoin and other assets to push into new highs. For now, any bull run may stay short-lived and face regular slowdowns like the one we are seeing now.

Stock market shows similar signs

Interestingly, traditional markets are not immune either. The S&P 500’s rally is losing strength, with fewer companies participating in the gains. That is often a warning sign for the broader index and can signal a possible shift in momentum.

The crypto market and equity market are showing similar patterns—strong rallies hitting a wall as traders become more cautious. Until stronger confirmation of long-term stability comes, markets may continue to move sideways.