Bitcoin’s $100K Support Under Fire: Can Bulls Defend Against Bearish Pressure?

Bitcoin (BTC) continues to face pressure, trading around the $101.7K level as it battles a persistent downward trend. Trading volume has surged by over 54%, reflecting heightened market activity. The fear and greed index currently sits at 23, reflecting widespread unease in the crypto space. Even after brief price rebounds, bearish momentum continues to weigh on Bitcoin’s trajectory, pushing prices below the crucial $100K mark and into the $98,962 range.