The flagship cryptocurrency is once again under pressure, trading in a narrow band around the $100,000 mark as buyers and sellers vie for dominance.
Over the past week, approximately $28 billion in daily trading volume has helped sustain price action, yet the coin remains more than 7% lower week-on-week. Support at $100,000 is now widely regarded as a psychological and technical pivot point.
Historically, when that level is breached decisively, markets have either entered sharp expansions or hit meaningful corrections. The current structure resembles a head-and-shoulders formation, raising warnings among technical traders. With institutional flows softening and retail sentiment tentative, the next directional move may depend on which cohort steps up first.
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