📉 Bitcoin suffers strong correction and loses support of $100,000

Bitcoin (BTC) records a drop of 4.3% in the last 24 hours, currently trading around $99,000, after failing to maintain above the psychological support of $100,000. Selling pressure has increased following a technical pullback from recent highs near $112,000.

🔍 Key factors:

• Geopolitical tension (Israel-Iran conflict) created fear in the markets.

• Mass liquidations: Over $450M in long positions were liquidated on futures exchanges.

• Technical weakness: Clear rejection at resistance zone and loss of momentum in indicators like RSI and MACD.

🧠 Technical level to watch:

Immediate support now lies between $97,000–$98,000, where a technical bounce could occur. If lost, we could see a deeper correction towards $94,000.

Despite the drop, some analysts see this as a strategic accumulation zone for those applying DCA (Dollar Cost Averaging) strategies.