Bitcoin price has experienced a decline and is attempting to break below the $100,000 support zone. The price failed to continue higher and dipped below key support levels at $102,500 and $100,000. It is now consolidating losses and trading below the $104,000 and 100 hourly Simple Moving Average. The next resistance levels are at $100,500, $101,000, and $102,250. If the price fails to rise above $101,000, it could continue to move down and find support at $98,500, $98,000, and $96,200. Technical indicators suggest a bearish trend with the MACD gaining pace in the bearish zone and the RSI below 50.



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