Bitcoin has returned above $104,000 following a rather turbulent trading week. As a matter over a GOP tax bill morphed into a major fallout between US President Donald Trump and the world’s richest man Elon Musk, the crypto market experienced significant levels of outflows with Bitcoin prices dipping as low as $101,000 on Thursday. While there has been a modest price rebound in the last 24 hours, the maiden cryptocurrency remains in danger of a price deeper correction.

Bitcoin Bulls Eye Support Near $103,700 And $95,600

In an X post on Friday, analytics company Glassnode shared a potentially impactful on-chain data insight on the BTC market amidst a price correction that has lasted over the past two weeks. During this time, Bitcoin prices have dipped from its current all-time high of $

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