Bitcoin bulls are left bewildered. If nothing unexpected happens, in the next day or two, Bitcoin is very likely to experience a significant drop, with a target price in the range of 102,000 to 98,000.
On the hourly level, Bitcoin bulls are struggling to rebound, but each time they are pushed down by the bears! The rebound highs are gradually decreasing. However, the bears lack sustainability, and both bulls and bears are evenly matched. The price is fluctuating and declining at a high level, ultimately causing the bull mentality to collapse, leading to a final price drop.
