Following a substantial drop below the key support level of $102,000 this past Friday, Bitcoin prices witnessed volatility driven by geopolitical tensions, trade uncertainty and crypto options expiry. While analysts foresee potential for BTC price to regain momentum towards $106K, these forecasts are being monitored closely as a sudden price decline emerges. 10x Research analyst Markus Thielen has highlighted key levels to watch in this turbulent market. 10x Research predicts that Bitcoin’s next support level is at $100,437, with further drops potentially impacting BTC prices. Thielen also noted the temporary surge in ETH price following Circle IPO hype, which fueled speculative interest and triggered a breakout. This speculation, though, has now cooled down as Bitcoin appears to be facing challenges due to lack of strong fundamental backing. 10x Research predicts continued volatility, emphasizing a cautious outlook on further rallies. Despite this uncertainty, institutional investors have not yet sold their holdings in Bitcoin, with positive net inflows into Bitcoin ETFs observed Thursday. Notably, Glassnode reported a modest influx of $86.3 million worth of net inflows in Bitcoin ETFs, with a slower momentum compared to May’s highs. A significant factor is the Short-Term Holder Realized Price (STH RP), which acts as a vital indicator for market confidence. While the price currently hovers around $97.97, this level acts as both support and resistance depending on market conditions. As noted by IT Tech on X, this metric still holds significant influence over the market’s outlook. The current trading volume has increased significantly in the last 24 hours, indicating heightened interest among traders.