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Bitcoin faces significant resistance near 100,000 USD after recent fluctuations

Bitcoin’s recent price fluctuation: The recent trading data shows Bitcoin at approximately 99,959 USD after a 0.99% dip. Despite a 16.06% drop in daily trading volume, the overall market capitalization of cryptocurrencies increased by 4.99%, indicating a potential recovery.

Resistance challenges for Bitcoin: Bitcoin struggles with significant resistance at the 100,000 USD level, having tested it several times. A bullish trend could lead to surpassing this resistance, while its current price action indicates consolidation within a horizontal channel.

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