Bitcoin's $100,000 Level Emerges as Key Support After Retreat from $107,000

Bitcoin's recent pullback resulted from profit-taking and large-scale long position liquidations after the cryptocurrency failed to break through $107,000 resistance, Vincent Liu, Chief Investment Officer at Kronos Research, said. The digital asset briefly recovered following the U.S. Senate's approval of government funding legislation, which temporarily lifted risk appetite across markets. Liu identified $100,000 as the next critical psychological support level, warning that a breach below this threshold could trigger additional selling pressure and heighten market volatility.