Bitcoin's next support level is 100,000 dollars... Possibility of further decline is open

Bitcoin failed to break through 106,000 dollars, and an analysis suggests that the next major support level is 100,000 dollars. According to Cointelegraph, cryptocurrency analyst Michaël van de Poppe said, "A short-term correction may continue until Bitcoin recovers its upward trend," explaining that "100,000 dollars is an important support level based on the 4-hour chart."

Recently, BTC has faced selling pressure near recent highs, slowing the upward trend. The market is focused on whether it can rebound after forming support at the 100,000 dollar level.