Bitcoin hits $107K, but falls sharply to $5K

• Bitcoin fluctuates between $102 and $107
• BTC dominance rises to 61% against altcoins
• Solana, ADA and AVAX follow Bitcoin correction

Bitcoin's price had a busy start to the week after a significant rise on Sunday night. The cryptocurrency reached over $107.000, reaching its highest level since late January. However, the upward trend did not last long, and the asset suffered an aggressive correction, falling by around $5.000 in a few hours.

Prior to this drop, BTC had already tested the $106.000 resistance last Monday but failed to hold there. The pullback briefly took it below $101.000, from where it began a slow recovery. For most of the week, Bitcoin hovered between $103.000 and $105.000, until Sunday’s surge took it to a new multi-month high.

After reaching $107.000, the cryptocurrency lost strength again, quickly falling to $102.000. Despite this, the asset is already showing signs of recovery. Bitcoin's market value has also stabilized, returning to the $2,050 trillion range.

This abrupt move has affected several altcoins. Assets such as Solana (SOL), Cardano (ADA), Avalanche (AVAX) and Shiba Inu (SHIB) have seen sharp declines, following Bitcoin’s volatility. BTC’s dominance in the market has risen significantly, rising from 59,5% to nearly 61% on CoinGecko, reflecting the impact of the correction on the relative performance of altcoins.

With this new price dynamic, the market continues to pay close attention to Bitcoin's behavior around the levels of US$103 to US$105, considered short-term support and resistance points for investors who follow the movement of the largest cryptocurrency.