$BTC

Current events aren't good for the markets, and by extension, not good for Bitcoin (BTC).

Can the $100,000 mark withstand the confluence of all unfavorable circumstances?

Uncertain outcomes of trade wars, military conflicts, US involvement in a war with Iran, stagflation in the USA, and more?

It's no wonder investors are fleeing the markets and waiting for better prospects for gains, especially when losses and significant volatility have been prevalent since the end of last year.

This is largely due to the wild dreams of one unpredictable individual who demands absolute trust from those around them, a trust they are unfortunately losing...

Bitcoin is currently testing key support levels in the short term, and its future movement will depend on whether these levels hold.

The most probable reason for Friday's decline was the rejection of the ceasefire terms in the Middle East. Iran, as expected, did not back down or capitulate after four days of conflict with Israel, leading to the failure of negotiations with the EU in Geneva.

**Current Situation and Support Levels **

Current Price: Bitcoin is currently trading around $101,000 - $103.000.

Immediate Support: The nearest strong support level is located around $103,000. This is the level BTC is currently testing and hovering near.

Next Strong Key Support: The next significant psychological and technical support level is $100,000.

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This level is often considered a strong psychological barrier and tends to see increased buying interest.