$BTC Bitcoin's current price is $104,940.71, hovering around the crucial $100,000 psychological support level. Traders predict a potential larger correction, with some warning that Bitcoin could drop as low as $90,000 if support fails. However, others believe the $100,000 level will hold, and Bitcoin will rebound.

Given the current market sentiment, it's likely that Bitcoin will experience a period of consolidation around $100,000 before making a significant directional move. If it breaks below $100,000, it could trigger increased volatility and impact the broader crypto market.

*Key Factors to Watch:*

- *Support Levels:* $100,000 and $97,732

- *Resistance Levels:* $106,000 and $106,794

- *Market Sentiment:* Currently cautious, with a Fear and Greed Index reading of 45

- *Institutional Demand:* Cooling off, with a 23% drop in exposure to Bitcoin ETFs in Q1 2025

The impact on other markets will depend on Bitcoin's direction. A breakdown below $100,000 could lead to a decline in altcoins, such as LDO, JUP, and FET, which have already seen double-digit hits. Conversely, a rebound could boost market sentiment and drive prices up