Bitcoin Plummets Near $104,000 Amidst Weakening Technical Momentum

Bitcoin’s price has experienced a sharp decline, hovering near the $104,000 mark while facing significant pressure from bearish market conditions. Key support zones below are being tested, and traders anticipate further downside if they break down. The cryptocurrency is currently struggling to maintain its position above crucial moving averages, with increasing liquidity pressures adding to the downward trend.