<ul data-eligibleForWebStory="true"><li>Bitcoin has lost 1% of its value over the last few hours and trades below $103,500, potentially dipping towards the $100k support level amid bearish sentiment.</li><li>The coin dropped below $104k as bears gained control in the cryptocurrency market, leading to significant liquidations mostly on long positions amounting to $450 million.</li><li>Technical indicators suggest a downward movement in the near term, with the 4H Bitcoin MACD in the negative zone and the RSI at 44, indicating selling pressure.</li><li>The market appears caught between bullish long-term sentiment and short-term uncertainties, including macroeconomic and geopolitical factors.</li><li>The ongoing conflict in the Middle East continues to impact the crypto market, contributing to the bearish sentiment surrounding Bitcoin.</li><li>If bearish momentum persists, Bitcoin could test the $100k support level, potentially dropping further to $90k if the support is breached.</li><li>In contrast, a bullish scenario could see BTC target the nearest liquidity level at $106,672 and potentially rally towards $109k should bullish momentum prevail.</li></ul>

Weekend Bitcoin price forecast: Is BTC heading towards $100k?

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