Bitcoin's sharp drop is shocking! Unable to break through 105,000, is the dream of a bull market shattered right before our eyes?

Bitcoin came to a complete halt while trying to reach historical highs, with the upward momentum stopping and the market feeling tense. Analyst Jason bluntly stated that the 105,000-dollar hurdle is like an iron wall, and multiple failed attempts to breach it have caused traders' mental states to collapse.

Now, the price is struggling between 94,000 and 105,000, hesitating like a gambler who cannot get ashore. What’s more frightening is that the defense line between 91,000 and 94,000 is precarious; once it fails, a wave of correction may sweep in, and the bullish trend expected by 2025 could be dashed.

But don’t rush, the key to victory or defeat still lies in May. As long as it can stabilize above 90,000, a surge could still return, igniting a new peak.

Currently, Bitcoin is hovering around 102,000, having dropped 6% from the year's high. The next few weeks may be the watershed for its 'life or death'. Will it strongly rebound, or will it plunge into the abyss? Let’s wait and see.