Bitcoin Drops After Failed Recovery; $100K Support Now in Focus
Bitcoin attempted a recovery above $105,000 but was rejected, leaving BTC to trim earlier gains as sellers reassert control. The token is testing lower intraday levels and traders are watching the $101,200 mark closely — a confirmed move beneath that level could accelerate downside momentum toward the psychologically important $100,000 support. Volume has not yet shown a decisive bias, keeping near-term direction uncertain.
Why it matters: a breach of $100,000 would likely trigger stop-losses and force leveraged positions to adjust, amplifying volatility across spot and derivatives markets and weighing on broader crypto risk appetite. Conversely, a reclaim of $105,000 would relieve immediate pressure and signal buyers are still willing to defend higher levels. For now, market participants should monitor order flow around $101,200–$100,000 and watch for a sustained volume breakout to confirm the next leg of the move.