Bitcoin recently broke out of an important trendline but has yet to show a sustained move away from it. The market needs to confirm if it can break out decisively. Bitcoin's price is currently down by over two percent and is trading below $102,500, erasing most of the gains made in the last seven days. The majority of the top 10 coins have also slipped into the red zone. The focus is on potential support and resistance levels for Bitcoin. If it stays above $99.1k, it could continue to push higher. However, if it falls below $99.1k, it could be in a larger correction phase. The first key support area is between $99.1k and $101.5k, while resistance lies at $107,250.



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