#MarketPullback BTC price failed to hold the support level of $100,000

Today's Bitcoin price has decreased by 5.56% with a 24-hour trading volume of $47.79 billion, changing +124.74%. With this, the largest cryptocurrency has dropped below the $100,000 mark for the first time since January 17 of this month. Furthermore, with a dominance of 58.31%, it has a valuation of $1.95 trillion.

The Relative Strength Index (RSI) has recorded a significant drop with its average trend line converging downwards. However, with the 50-day EMA acting as support, the price of BTC has recorded increased volatility in the market.

If a bullish reversal trend occurs, the price of Bitcoin will gain momentum and reclaim the $100,000 mark. Conversely, if the bears dominate the cryptocurrency space, the price of BTC may retest the low of $92,000 this week.

To find answers to questions like "Will BTC price reach $1 million by 2030?", read CoinPedia's Bitcoin price prediction!