Bitcoin dropped 1.2% at the support level of 100,000 dollars.

Bitcoin Price Experiences Decline

Bitcoin has dropped to $101,558, experiencing a decline of 1.24%. During this process, the low trading volume on major exchange platforms has drawn attention.

Resistance Levels Recorded

Sales made with high volume recorded at $105,200 have revealed that this level is a strong resistance area. Additionally, this situation has been reinforced by a 189% increase in trading volume.

Measures are Being Taken for Institutional Goals

Accumulation is observed in December and March put options. Institutional investors are developing hedge strategies against high valuations above $100,000.