Bitcoin’s price has been volatile, dropping from an all-time HIGH of 108,384 USD to a low of 91,350 USD. This shift has mainly been attributed to a 66% decline in short-term demand, reflected by the reduced capital inflows valued currently at 32 billion USD. This situation indicates growing investor skepticism.

The decrease in demand complicates Bitcoin’s path to regaining higher price levels. A decline below 93,625 USD could push prices down to 89,800 USD. However, overcoming the 95,668 USD resistance is crucial for reversing the bearish trend and aiming for 100,000 USD, which would reinstate investors’ confidence in the upward momentum.