Bitcoin News Today: Bitcoin Poised for Major Move: Will It Surge or Plunge at $108K?

Bitcoin Price Stalls Below $108K as Traders Anticipate Next Move

Bitcoin (BTC) is currently consolidating around the $104,500 mark, remaining in a tight band just under the $108,000 resistance after a period of volatility driven by macroeconomic factors. Market observers note that Bitcoin is "coiling," indicating a possible breakout ahead. Technical signals, including narrowing Bollinger Bands and a lower average true range (ATR), point to decreased intraday volatility. Historically, such setups have often led to major price shifts, according to

.

If Bitcoin manages to surpass the $107,500–$108,000

, it could climb toward the $110,000–$112,000 range, fueled by renewed ETF inflows and growing institutional participation. Blockchain data also reveals a drop in miner selling and increased withdrawals from exchanges, hinting at accumulation by long-term investors. On the other hand, if support at $104,000–$104,500 fails, Bitcoin could retreat to the $102,000–$100,500 zone, with weak ETF demand or renewed miner selling potentially driving prices lower.

The overall cryptocurrency market maintains a neutral-to-positive outlook, with Bitcoin’s pattern of higher lows above $104,000 underscoring its technical strength. Despite ongoing macroeconomic uncertainties, Bitcoin’s recent steadiness has many traders watching for a possible breakout in the near future.

Solar Stocks Attract Attention as Separate Market Highlight

Although Bitcoin remains the main topic in crypto circles, solar energy stocks like Emeren Group Ltd (SOL) and Canadian Solar Inc. (CSIQ) are gaining traction in the stock market. Emeren, a solar power company, posted mixed quarterly results, reporting $12.88 million in revenue and $28.78 million in net income. Analysts have maintained a $7 price target for

, keeping a "Buy" rating despite recent price swings, according to .

Canadian Solar Inc. (CSIQ) is facing tougher prospects, with a trailing P/E of 11.16 and a profit margin of -0.12%. Recent analyst downgrades from Jefferies cite worries about the company’s debt and cash flow, though its $1.02 billion market cap indicates some investor optimism remains, per

. SolarEdge Technologies (SEDG), another key player, has seen its stock price jump 2.88%, with analysts debating whether this uptick signals renewed market confidence or simply a recovery from previous losses, as reported by .