$BTC /USDT – IMMINENT BREAKDOWN LOOMS... BOLD ANALYSIS PREDICTS $103,600
Bitcoin ($BTC) is experiencing significant selling pressure, currently trading at $103,691.83, down 2.56%. After failing to sustain its recent high of $108,353, BTC has fallen toward its crucial support level at $103,688, marking a 24-hour low. This sharp decline highlights the dominance of bearish sentiment, and a breakdown below this support could lead to further losses, potentially reaching $103,000 or lower. Bulls must defend this support level to prevent a wave of sell-offs and keep any upward momentum intact.
If Bitcoin manages to hold this support and starts showing signs of a reversal, a recovery toward $105,165 and $106,875 may be in the cards. However, with volume decreasing and bearish momentum evident on the chart, traders should remain cautious. A confirmed breakdown could present a solid shorting opportunity, while a rebound with rising volume may draw in buyers looking for a quick recovery. Bitcoin is at a pivotal level—watch closely for potential high-profit moves.