Affected by sudden news factors, the Bitcoin market has seen sharp fluctuations. The price started a significant downward trend from the $108,900 level and has dropped to around $104,000 as of now. This decline has caused Bitcoin to break through multiple key support levels.
On the daily timeframe, the originally important support range of $106,000 – $107,000 was easily breached, with market bearish forces gaining absolute dominance. Bitcoin is facing significant downward risks and is highly likely to continue falling to test the crucial psychological level of $100,000.
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TP:102000-1025000
