Bitcoin crisscrosses $100K as BTC price ‘bottoming phase’ begins

💡 DMK Insight

Bitcoin’s flirting with the $100,000 support level, and here’s why that matters: a breakdown could trigger a wave of selling. Traders need to keep an eye on the $100,000 mark—if it fails, we might see a quick drop to the next support level, which could be around $95,000. The current sentiment suggests that a rebound is possible, but without strong buying pressure, it might just be a dead cat bounce. Look at the volume; if it doesn’t pick up, the bullish case weakens. On the flip side, if BTC manages to hold above $100,000, it could set the stage for a rally, but that would require significant momentum. Watch for any news or developments that could act as catalysts, especially from institutional players. They could either prop up the price or exacerbate the decline depending on their actions in the coming days.