Bitcoin (BTC) recently experienced a minor dip of 1.12%, trading around $103,000 after failing to break through a Fair Value Gap (FVG) during a price rally that peaked near $106,000. A prominent analyst known as Titan of Crypto highlighted that this FVG represents a price imbalance in which Bitcoin reached an inefficiency zone but was rejected. This price action occurred inside a larger symmetrical triangle chart pattern, signaling consolidation before a decisive move.
Bitcoin has now retested and broken below the lower boundary of this symmetrical triangle, indicating potential for further downward movement. Price targets suggested include a retest of the previous weekly low at $102,679; failure to hold this support could see Bitcoin approaching the psychologically important $100,000 level.
Additional data shows Bitcoin network fees surged by 105.8% weekly, indicating rising transaction activity and user engagement. Notably, exchange outflows of $2.06 billion reflect investors moving assets to private wallets, which may signify long-term bullish sentiment despite short-term corrections. Currently, Bitcoin trades near $103,402 with declines noted on daily, weekly, and monthly charts, although daily trading volumes increased 38.31% to $50.14 billion.
Meanwhile, DOGE experienced a drop of 3.57% amidst broader market weakness. On an hourly chart, Dogecoin made a false breakout above a local resistance level near $0.1642 but failed to hold. Should daily closing prices remain below this threshold, a test of support around $0.16 is likely. On a larger timeframe, DOGE recently broke below support at $0.1667, suggesting bearish momentum could continue into the coming week if sellers maintain control.