Bitcoin ($BTC /USDT) Update: Eyes on $101K as Market Sees Pullback

Bitcoin is trading at $101,568.36 (≈Rs28,651,418.67), down 2.83% in the latest session. The cryptocurrency hit a 24-hour high of $105,201 and a 24-hour low of $98,944.36, indicating notable volatility amid active market trading.

Trading Activity

24h BTC Volume: 56,258.52 BTC

24h USDT Volume: 5.74B

Key Levels to Watch

Support: $100,294, $99,545, $98,966

Resistance: $101,791, $102,370, $102,540

Technical Outlook

BTC is consolidating near the $101K zone, a critical support level. A sustained hold above this area may set the stage for a rebound toward $102,500, while a drop below $100K could open the door to further downside toward $98,900.

Conclusion

Bitcoin is at a sensitive point, with traders closely monitoring support and resistance levels. Price action around $101K will likely determine the short-term direction, making this a key period for market participants.

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