Bitcoin (BTC) fell 1.24% to $101,775 on Tuesday, unable to maintain its position above the $102,000 resistance level. The decline was marked by reduced trading volume, which was only 2.11% above the seven-day average. Sellers drove the price down from a session high of $105,342, with a brief recovery to $102,154 failing to gain traction.
Institutional investors are increasingly hedging with bearish options as Bitcoin nears its 365-day moving average, a key support level. The strongest buying interest was observed near the $102,000 mark, indicating cautious market sentiment as the cryptocurrency approaches the historically significant support threshold.
Bitcoin Dips 1.2% as Trading Volume Declines Near $100K Support
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