Bitcoin's price hovers close to the significant $100,000 mark, creating tension among traders wary of either a breakout above this psychological barrier or a possible correction.
Currently ranging between $98,500 and $98,750, Bitcoin navigates complex market dynamics characterized by psychological resistance at $100,000 and strong support below this level.
Market participants are on edge, keenly observing whether Bitcoin will breach the resistance or retreat. The current price movement highlights the importance of this key psychological level in determining future market direction.
