#BTCbelow100k
Bitcoin's current price is $107,059.01, which is above the $100,000 mark. However, there have been concerns about a potential drop below $100,000 due to various market factors.
*Recent Price Movement:*
- Bitcoin fell below $100,000 on Sunday, its lowest point since May
- The price drop was attributed to escalating tensions in the Middle East and a risk-off sentiment
- However, recent analysis suggests that the chance of Bitcoin falling to $100,000 is decreasing, with liquidity building up above $106,000
*Key Support Levels:*
- $100,000 remains a critical psychological level for Bitcoin
- Losing this level could trigger a larger correction toward $90,000 or even $88,000
- However, if Bitcoin holds above $100,000 and flips $106,000 into support, it could push the price higher
*Market Sentiment:*
- Institutional adoption and Bitcoin ETFs have driven massive inflows of capital
- Whale wallets are accumulating Bitcoin while smaller retail investors are selling
- Market sentiment remains mixed, with some traders expecting a rally past $100,000 and others fearing a deeper correction¹ ² ³
*Predictions:*
- Arthur Hayes predicts a correction to $70,000-$75,000 before a rally to $250,000
- Cathie Wood maintains a $1.5 million long-term Bitcoin price target, citing growing institutional demand
- Some analysts believe the bull market still has room for growth, while others expect a larger correction⁴
