Bitcoin Struggles to Maintain $100,000 Amid Bearish Pressure
- Bitcoin has faced multiple rejections at the $100,000 level since December.
- The price peaked at $102,000 before falling to $92,000 last week.
- $90,000 is identified as a critical support zone currently under threat.
- Resistance levels are set at $103,000, $106,400, and $108,500.
- Bitcoin is trading around $94,400 with low pump chances according to technical indicators.
Bitcoin’s inability to sustain above the $100,000 mark highlights a bearish outlook. Maintaining the pivotal support level of $90,000 is crucial to prevent further declines. Resistance levels need to be surpassed for a bullish trend reversal.
