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Bitcoin (BTC) is struggling to reclaim key support levels after a sharp drop fueled by geopolitical tensions. Analysts warn of further volatility, with potential retests of lower range levels if the market remains unstable. The crypto’s short-term trajectory hinges on critical price thresholds.
- Bitcoin's drop to $102,000 was triggered by geopolitical tensions, with analysts warning of further downside if key support levels fail.
- A double top pattern on BTC's 4H chart suggests potential retests of the $90,000-$92,000 range lows if mid-range support is lost.
- BTC's current price action mirrors its 2024 structure, hinting at a possible rally after retesting descending resistance.
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