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Bitcoin bulls are aggressively defending the critical $100,000 support level, as a break below it may accelerate selling, potentially pulling BTC price below $87,800.
💡 DMK Insight
Bitcoin’s defense of the $100,000 level is crucial—here’s why traders need to pay attention: With BTC currently at $102,099, the bulls are clearly trying to maintain this psychological barrier. A drop below $100,000 could trigger a wave of selling, pushing prices down toward the next significant support at $87,800. This isn’t just about numbers; it’s about sentiment. If traders see a breach of $100,000, it could lead to panic selling, exacerbating the downward momentum. Keep an eye on volume—if we see increased selling pressure, it might signal a shift in market sentiment. On the flip side, if Bitcoin can hold above $100,000, it might set the stage for a rally back toward previous highs. Traders should monitor the daily chart for any signs of reversal patterns or bullish divergence that could indicate a potential bounce. Watch for key resistance levels around $110,000 and $115,000 as targets if the bulls succeed in maintaining their ground.
📮 Takeaway
Watch the $100,000 support closely; a break could lead BTC to $87,800, while holding could set up a rally toward $110,000.
