Bitcoin has surpassed the $100,000 mark, reaching a price of $102,000. However, it has faced resistance at this level and has experienced a minor pullback to $101,637. This pullback is testing a broken resistance trendline, raising concerns about a potential bearish reversal. Institutional support for Bitcoin has resulted in significant inflows, with U.S. spot Bitcoin ETFs registering a daily net inflow of $987.06 million. The long-to-short ratio in the derivatives market remains bullish, suggesting a continuation of the uptrend. Technical indicators indicate buying pressure, but the short-term pullback raises doubts about the potential for further gains. A close below $101,306 could lead to a retest of the $100,000 mark, while a post-retest reversal could see Bitcoin targeting $106,888.



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