Bitcoin's price is currently near the $100,000 mark, creating a significant psychological resistance point for traders. The market is evaluating the potential for substantial price retracements if this resistance does not hold.
The current dynamics suggest a complex interplay between accumulation patterns and the impact of mining cost fluctuations. These factors are integral in influencing Bitcoin's price trends.
As traders navigate these conditions, the strength and sustainability of the $100k support level remain crucial points of contention.
