Bitcoin Dips 5% to Key Technical Support at $100,700

The price correction comes after BTC rallied nearly 10% in just over 36 hours, topping out at $106,423 before reversing course.

This move highlights the ongoing technical significance of Fibonacci levels among traders, as Bitcoin pauses at a potential support zone after its surge.

The current pullback aligns with typical market behavior following rapid climbs, and could be seen as a healthy correction. Traders will now be closely watching whether Bitcoin holds this $100,699 level—or if further downside tests lie ahead.

READ MORE:

Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs

This retest also comes amid broader volatility in the crypto market and heightened sensitivity to macroeconomic and regulatory developments.

The post Bitcoin Dips 5% to Key Technical Support at $100,700 appeared first on Coindoo.