Bitcoin price experienced a correction after reaching a high of $106,246. The price dropped below $104,000 and $103,500, breaking a bullish trend line at $104,650. However, the price found support at $99,538 and is now on the rise again. It is currently trading below $103,800 and the 100 hourly Simple Moving Average. The immediate resistance is near $102,000, with the first major resistance at $103,000. If the price surpasses this level, it could reach $106,250 and potentially $108,500. On the downside, immediate support is at $100,500 and major support is at $100,000, followed by $98,800. The MACD is indicating a loss in bullish momentum, and the RSI is below the 50 level.



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