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Bitcoin encounters resistance after staying at a high for 142 days, falling below $107,000 may trigger a pullback.
[Coin World] Bitcoin has maintained above $100,000 for 142 consecutive days but is now facing a critical test at the $107,200 support level. Analysts warn that a close below this level could trigger Bitcoin to retest $100,000, or even fall to $93,000. Currently, Bitcoin is trading at approximately $109,033, down 2.07% in the past day due to profit taking and increased capital inflow into exchanges. Although institutional investors have supported Bitcoin's resilience through investments in Spot Bitcoin ETFs, a drop below the $107,200 support level could end its six-figure rally.