Recent instability in the cryptocurrency market has sent Bitcoin prices tumbling, leading to a renewed debate about its future trajectory. Following a 12% drop from its peak earlier this month, Bitcoin faces pressure as it grapples with challenges such as resistance levels and limited institutional involvement. While historically October marks a promising time for Bitcoin, this year’s downturn has fueled uncertainty and mixed feelings among market participants. Experts suggest that breaking through key resistance points is crucial to preventing further decline, with analysis from Bitfinex indicating a potential plunge below $100,000 unless it surpasses the $116,000 mark.