Bitcoin Approach $100K Support Tests Stability

Bitcoin's current price action indicates that its recent movement is aligned with the ongoing plan, signaling a cautious approach from traders and investors. The psychological support level of $100,000 is under scrutiny, as breaking below could trigger further downside, while holding could lead to consolidation. The prediction of a slow, consolidative phase suggests market participants are waiting for clearer signals before committing to larger positions or new directional bets. The resistance to a rapid rebound underscores a cautious sentiment, possibly reflecting broader market uncertainty or profit-taking. Historically, such support levels tend to attract traders looking for a safe entry point or an opportunity to accumulate, but the volume and price behavior around $100,000 will determine whether a meaningful bounce is possible or if the decline could deepen. Overall, the current environment supports the view that unless the $100,000 mark is decisively broken, Bitcoin could remain range-bound for some time, awaiting catalysts for more definitive moves.