$BTC/USDT Market Update – Sharp Drop Below $100K Rattles Investors
Current Price: $99,729.06
24H Range: High $103,776.00 | Low $99,691.00
Volume: 21,878 BTC | $2.23B USDT
Summary:
Bitcoin has plunged over 3.6% in the past 24 hours, breaking below the key $100,000 psychological level. This decline signals a shift in market sentiment, with bearish pressure now dominating.
Key Levels:
Support: $99,000 – A break below this could open the door to $96,500
Resistance: $101,100 – Bulls need to reclaim this to regain control
Market Outlook:
The failure to hold above $100K has intensified selling momentum. If buyers can’t stage a swift recovery, the market could face a deeper pullback. Traders should remain alert, as the next moves may set the tone for the short-term trend.