Bitcoin (BTC) has experienced a significant drop of nearly 2% in the last day, trading at approximately 104,807 USD. Traders should closely watch the daily closure to gauge potential further corrections toward 102,000 USD.
As of now, market enthusiasts anticipate sideways trading between 104,000 USD and 106,000 USD. If conditions remain unchanged, a false breakout could lead to a decline towards 100,000 USD, posing challenges for investor sentiment.