<ul><li>Bitcoin is undergoing a retracement towards a key support zone around the $100K level after reaching above $111K.</li><li>Technical analysis indicates that if the $100K support holds, there's a potential for a recovery towards the $111K all-time high.</li><li>On the 4-hour chart, Bitcoin has broken down from an ascending channel and is consolidating within a bearish flag pattern.</li><li>On-chain analysis shows a significant withdrawal of nearly 20,000 BTC from Bitfinex, indicating strategic accumulation by large investors and signaling a potential bullish phase.</li></ul>

Bitcoin Price Analysis: Is BTC Poised to Retest the $100K Support?

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