Bitcoin Nears $100K Despite Price Dip

Bitcoin Price Dips Below $107,000, Approaching Key Support Levels

• Bitcoin corrected from a high of $107,080 to test the $100,700 zone.
• The price is currently trading below $103,500 and the 100 hourly Simple Moving Average.
• A break occurred below a bullish trend line with support at $104,800 on the BTC/USD hourly chart.
• Immediate resistance is near $102,200; key resistance levels are at $104,000 and $105,000.
• Major support levels are identified at $100,500 and $100,000.

Bitcoin’s price has dipped from its recent high of $107,080 to test lower support zones. It is now trading under crucial resistance levels like $104,000 and could find significant support around the $100,000 mark.