$BTC $BTC Bitcoin Slips On The Charts

Bitcoin’s price struggled recently, tracking market cues that led it to an intraday low near $100,000. However, the crypto king managed to recover, currently trading at $102,633. Despite the turbulence, Bitcoin has shown resilience, holding on above significant support levels.

If the momentum continues, Bitcoin is likely to flip $102,734 into support. This would open the door for a potential rise to $105,000, pushing the price higher. Positive market sentiment and consistent buying could lead to a further price surge for Bitcoin in the coming days.

Nevertheless, if Bitcoin fails to break through $102,734, it risks falling back toward $100,000. This would extend losses, leading to a potential price drop that invalidates the bullish outlook.