Bitcoin Faces Downtrend as Geopolitical Tensions Spill Over

The recent market scenario indicates a notable decline in Bitcoin's price, prompted by escalating geopolitical tensions that have led to a broad market sell-off. Bitcoin broke below $103,000 and is consolidating below resistance levels of $102,500 and $103,500. The technical setup points toward continued bearish momentum, with key support levels at $100,150 and $98,500, and potential resistance at $101,250 and $103,500. If these levels are breached, further downside may ensue, although a close above $103,500 could trigger a recovery towards $105,000 and potentially $106,200. Overall, the momentum remains bearish given the downward trend lines and technical indicators such as RSI and MACD.