As Bitcoin price pulls back from its historic achievement of surpassing $100,000, renowned cryptocurrency analyst Rekt Capital warns of potential turbulence ahead.
Despite celebrating its first-ever weekly close above the psychological $100,000 barrier, Bitcoin’s price action suggests it may be entering a historically challenging period.
The cryptocurrency, which achieved an all-time high of $103,679 just five days ago, has already retreated to test critical support levels, with current trading ranging between $94,725 and $100,288 over the past 24 hours.
Critical Bitcoin Price Support Levels Under Test
Bitcoin’s current price action centers around two crucial technical levels that require successful retests for continued bullish momentum.
The first is the newly established $100,000 resistance-turned-support level, which Bitcoin is currently attempting to validate.
The second is a significant support zone around $98,000, which previously served as major daily resistanc
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