Bitcoin’s recent decline to 100,682 USD was driven by long-term holders liquidating positions, causing bearish sentiment. The crucial support level now stands at 100,000 USD. With high selling activity and rising liveliness, investors need to monitor this key threshold closely as it could dictate future price movements.

Despite recent drops, the low NVT signal indicates Bitcoin may be undervalued. A recovery could occur if Bitcoin reclaims 105,000 USD, potentially reaching a new high of 109,699 USD. However, if prices fall below 100,000 USD, further declines to 95,668 USD could materialize.