It is understandable that Bitcoin encountered some resistance at the major psychological level of $100,000. There is controversy over whether Bitcoin needs to experience a decline due to having just broken out of a consolidation range 5 days ago.
However, the worst-case scenario at the moment is that Bitcoin may drop to the old resistance level of about $91,000 (red), a decrease of -8.5%, for a retest after the breakout.
In the background, Bitcoin experienced a -7% drop 10 days ago.
Of course, Bitcoin could also experience a shallower decline, but the key point is that the decline is a natural part of the whole process, and declines often precede further increases.
