The cryptocurrency market cap is currently at $3.16 trillion, with Bitcoin trading at $97,562 and experiencing a 24-hour drop of 1.16%. The bearish influence has led to a 7-day return of 4.69%, and there are concerns that Bitcoin may fall below the $90,000 mark. The BTC price has been volatile near the $100,000 level over the past few days, with indicators suggesting a growing sell pressure. However, the entry of institutions and whales, as well as positive inflows into Bitcoin ETFs, provide optimism for a potential bull run. The BTC price is expected to reclaim the $100,000 mark and challenge the resistance trendline near $106,000, with the 100-day SMA line at $94,500 serving as a crucial support level.



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