🧩 Macro & Geopolitical Shock
*Inflation Data Cooled:** Recent inflation figures were softer than expected, diminishing hopes for an imminent Federal Reserve rate cut. This shift dampened risk appetite across markets.
*Rising Middle East Tensions:** Escalating geopolitical risks led investors to seek safety in gold and stable currencies, increasing sell pressure on risk assets like Bitcoin.
### 📈 Technical Overextension & Profit-Taking
*Resistance at \$110K–\$111K:** Bitcoin faced significant resistance near the upper Bollinger Band, prompting short-term selling.
*Overbought Indicators:** RSI and StochRSI signals indicated overbought conditions, leading many traders to lock in profits and contributing to the pullback.
### 💥 Liquidation Cascade
*\$730M+ in Liquidations:** Over 24 hours, more than \$730 million in leveraged positions were liquidated, with approximately 73% being long positions. This cascade added downward momentum to the market.
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### 🔍 Market Analysis & Forecast
Timeline + What to Watch
*Short-term:** Support is likely near \$100–102K. A break below this level may push Bitcoin toward \$95K–\$98K.
*Mid-term:** If the \$100K support holds and macro factors improve, Bitcoin could retest the \$110–112K range.
*Volatility:** Expect continued price swings. Momentum may shift based on upcoming CPI data and geopolitical developments.
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### ✅ Final Takeaway
Bitcoin's drop to \~\$102K is attributed to a combination of macroeconomic headwinds, technical retracement, and leveraged liquidation. This may represent a healthy consolidation phase. If support at \$100K holds and global conditions stabilize, Bitcoin could rebound and move higher.
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### 💬 What do YOU think?
* Will Bitcoin rebound toward \$110K once CPI and geopolitical tensions ease? 🚀([investinghaven.com][1])
* Or might another dip toward \$95K unfold? 📉
Let’s hear your thoughts! 👇👇
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## Stock market information for Bitcoin (BTC)
* Bitcoin is a crypto in the CRYPTO market.
* The price is 104271.0 USD currently with a change of -3532.00 USD (-0.03%) from the previous close.
* The intraday high is 108376.0 USD and the intraday low is 103081.0 USD