Bitcoin's price has experienced a downturn and failed to hold above $100K, causing uncertainty among market participants. The market is dropping toward the $91K support level, with a potential drop to $85K or even the $80K support zone. The 4-hour chart shows consolidation between the $92K and $100K levels, with the market likely to retest the $92K support level. The bearish momentum is indicated by the RSI below 50%. Additionally, Bitcoin miners have been selling their holdings, leading to selling pressure and hindering the market's movement past $100K.



Other News from Today