Bitcoin's price has dropped below $101,000, causing concern in the market. However, analysts suggest that this does not mean the end of the bull run. Bitcoin is currently in a parabolic upside phase, characterized by price gains followed by corrections. This pattern has been seen in past Bitcoin markets. In 2021, Bitcoin did not undergo the typical post-breakout retest, while in 2017, it successfully retested and confirmed old resistance as new support. The recent correction in Bitcoin's price has been relatively mild, indicating that the market may be becoming less volatile. To continue the rally, Bitcoin needs to break through key resistance levels and establish a solid weekly close above them. Meanwhile, support is forming around the $100,000 to $103,000 range. The coming weeks will determine whether Bitcoin follows the 2021 pattern or the 2017 approach. Nonetheless, a firm weekly close above current resistance could signify Bitcoin preparing for new all-time highs.



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