Bitcoin is currently trading around $101,500, maintaining its position above the critical $100,000 mark. Analysts suggest that if Bitcoin falls below $99,500, it could trigger a decline towards $95,000. However, a successful break above the $105,000-$106,000 range could propel the cryptocurrency towards $110,000 and potentially new highs. Ethereum is anticipated to mirror Bitcoin's movements, with investors advised to remain cautious.