After a brief rally attempt, Bitcoin has once again stumbled, leaving investors wondering whether the world’s leading cryptocurrency is stuck in a longer slump.
Despite a mid-week push toward higher prices, the digital asset has failed to maintain momentum, drawing fresh scrutiny from market analysts.
Another Quiet Week, Another Rejection for BTC
According to CoinMarketCap data, Bitcoin slid by 1.12% over the past 24 hours, dropping it to just above $103,000.
It’s part of a pattern that’s been playing out for several weeks now—short bursts of upward movement followed by price rejections and corrections.
In other words, no breakout, no bullish breakthrough.
And one well-followed crypto analyst on X (formerly Twitter), known as Titan of Crypto, believes we could see more downside pressure in the coming days.
Analyst Highlights Key Rejection Zone
In a post shared on June 20, Titan of Crypto broke down Bitcoin’s failed attempt to climb above $106,000.
According to their chart analysis, BTC ran into trouble when it entered what’s called a Fair Value Gap (FVG)—a price zone where market activity was previously sparse due to a rapid move.
Basically, this area acts like an imbalance or a weak spot in the price chart, and Bitcoin wasn’t able to push through it.
That rejection sent the price sliding back to around $103,157.
What the Chart Patterns Are Saying
Here’s where it gets even more interesting: the FVG that Bitcoin hit sits inside a symmetrical triangle pattern—a common technical setup that often appears before big price moves.
This pattern forms when two trendlines converge, showing indecision in the market.
Titan of Crypto points out that Bitcoin has now broken below the lower boundary of that triangle, which could be a bearish signal.
If the slide continues, we could see Bitcoin testing last week’s low of $102,679.
And if that doesn’t hold? The next stop might be the psychological $100,000 mark.
Not All Signals Are Bearish
Despite the drop, there are some silver linings.
Blockchain data provider Sentora reported a 105.8% surge in Bitcoin network fees over the past week.
That means more transactions are happening, which could indicate growing user activity.
Even more notable: investors have moved a whopping $2.06 billion worth of Bitcoin off exchanges in recent days.
That kind of outflow usually points to long-term confidence, as holders move their crypto to private wallets instead of keeping it ready for quick trades.
Bitcoin by the Numbers
At the time of writing, Bitcoin is hovering around $103,402, with weekly and monthly losses of 1.88% and 7.02% respectively.
On the brighter side, daily trading volume has jumped by 38.31%, now sitting at a healthy $50.14 billion.
That trading volume boost may reflect increased investor activity, even as the price struggles to stay above key support levels.