Bitcoin Price Analysis: BTC Faces Resistance After Failed Rally, $100K Target in Focus

Bitcoin's attempt to sustain a morning recovery has encountered significant selling pressure, creating volatility in cryptocurrency markets. Despite the failed bounce, analysts maintain bullish projections targeting the $100,000 psychological level. Technical indicators suggest BTC is testing crucial support zones while market sentiment remains divided between short-term caution and long-term optimism. Major resistance levels around current price points continue to challenge upward momentum as institutional interest and macroeconomic factors influence Bitcoin's trajectory toward potential six-figure valuations.