Bitcoin's price has fallen below the $100K mark, causing concern among investors. However, the market has quickly recovered and the $90K support level remains intact. The price is currently testing the $100K resistance zone and a bullish trend is still intact on the daily timeframe. On the 4-hour chart, a large ascending channel has formed and as long as it is not broken, the price is likely to rise higher. The recent failure to stay above $100K could be due to factors such as a decrease in selling activity by BTC whales rather than a shift in spot market dynamics.



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