#BTCbelow100k Bitcoin's current price is $107,010.39, 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, due 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.
- 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 correction.¹ ² ³