The current Bitcoin price is $102,850, marking a decline after touching $104,980 yesterday. The correction follows BTC’s earlier rise from a support base near $100,772 to a peak just shy of $105,000. According to technical indicators, broke below a key bullish trend line at $103,600, signaling weakness.
The world’s largest cryptocurrency also slipped below the 100-hour simple moving average, raising bearish concerns. Immediate support remains at $102,500, while a move below that could retest $100,000. On the upside, resistance is expected at $103,600, with stronger barriers around $104,200 and $105,000.
