Bitcoin Slides 5%, Rests Near Crucial Support at $100,700

After a nearly 10% surge in less than three-quarters of a day, Bitcoin’s price has dropped by 5%, reaching a low of around $100,700. This shift highlights the continued importance of Fibonacci levels among traders as Bitcoin pauses near potential support after its recent ascent. The current decline aligns with typical market behavior following sharp increases and could be considered a healthy correction. Traders are now closely watching whether Bitcoin holds the $100,699 level, or if further dips to the downside might occur.