Bitcoin Price Could Retest $100,000 Amidst $1.3B in Liquidations

Bitcoin’s price experienced a significant decline to $103,612 on November 4th, driven by several factors including the strengthening US dollar and investor positioning ahead of critical economic data releases. The recent selloff is attributed to increased demand for dollar-denominated assets while Bitcoin faces pressure from short-term holders transitioning into loss territory. 📈 A combination of these factors suggests a potential retest of $104,000 as the market awaits more clarity on US economic indicators and potential shifts in Fed policy.