Bitcoin Near $100K: Key Support Levels and Divergence Signals

Bitcoin is currently hovering near $103,248, testing crucial support levels at the 38.2% Fibonacci retracement point around $98,084. Technical analysis suggests that if this level holds, a relief bounce may occur, potentially leading to renewed buying interest. However, recent price action shows a pullback after reaching highs near $112,309.72, indicated by a descending channel, suggesting potential retest of lower Fibonacci zones or consolidation around the psychological $100,000 mark.