#BTCbelow100k Bitcoin's price has indeed fallen below $100,000, currently trading at around $99,659.46. This drop is part of a broader market trend, with geopolitical tensions and macroeconomic factors contributing to the decline.
*Key Factors:*
- *Geopolitical Tensions*: Escalating tensions in the Middle East, particularly between the US and Iran, have triggered a risk-off sentiment, impacting Bitcoin's price.
- *Market Sentiment*: The cryptocurrency market faced a heavy blow, with over $1 billion worth of positions liquidated across the crypto market, and Bitcoin leading the slide.
- *Technical Indicators*: Bitcoin is testing a support zone between $100,000 and $102,000. If it holds above this, there could be a temporary bounce or sideways movement. However, if Bitcoin falls below this range, the next potential support lies around $96,000 to $97,000 ¹ ².
*Expert Predictions:*
- *Potential Support Levels*: $96,703 or 38.20% Fibonacci level, and $98,611 as crucial support levels.
- *Recovery Prospects*: Some experts predict a potential recovery, citing bullish market trends and institutional interest in BTC. Others warn of short-term pullbacks, but remain optimistic about Bitcoin's long-term trajectory ³ ⁴.
*Market Performance:*
- *Current Price*: $99,659.46
- *Percent Change*: -3.73%
- *Market Cap*: $2.06 trillion ⁵
