Bitcoin's price is currently fluctuating between two critical levels, reflecting ongoing market uncertainty. After a market-wide decline on October 10, Bitcoin dropped to a new low of approximately $103,000 on October 18. Analysis from Glassnode indicates that Bitcoin is trapped between the Mayer Multiple at $107,400 and the 365-day Simple Moving Average (SMA) at $99,900. A breach below $99,900 could lead to further declines, while surpassing the Mayer Multiple might signal a recovery. As of the latest data, Bitcoin is trading at around $106,427, marking a 2% decrease in the last 24 hours.