Nigeria, June 27 -- Recent Bitcoin trade indicates a clear fight to stay above the $108,000 benchmark. Although it registered a brief spike above $100,000 in recent times, today's trade indicates decreasing support for buying orders.

The digital currency trades at approximately $107,500-a price that marks the barometer between bulls and bears on the market.

Market Forces Near Strongest Resistance

The $108,000 level is already a battle. If the buyers can stomach selling at this point, then it can position itself for a strong move higher. Alternatively, any failure to stay above these levels could potentially cause the move to drift lower back towards the $100,000 zone. The proximity of this resistance point suggests that psychological l...