As soon as I woke up and looked at the market conditions I saw that bitcoin had dropped to $101k. I am not surprised about the drop, I think it is the result of tensions in countries that are in conflict or war. Lack of purchasing power and panic selling pressure is making things worse, but if anyone wants to buy the dip, this is it. But remember, leave a little for dca considering the market is really unpredictable right now.
I hope that the conflict and war that is happening does not spread to several other countries because if the conflict can be very chained in several countries, it will definitely trigger fear in investors so that it will make them look for a safe place before investing in Bitcoin again. And what is even more worrying is the large selling power of Bitcoin due to this because Bitcoin holders and investors will also not invest in conditions that are less safe for themselves. I am also not surprised by the drop that Bitcoin even went below $101K even though it was only for a short time and this is an opportunity for many people to buy in large quantities apart from the routine accumulation every week.
Bitcoin has lost 3.5% of its price in the last 7 days, 4.0% and 14 days and 8.5% in a month. This is definitely something to consider as an accumulation opportunity without ignoring the risk of further decline. $100k seems to be a strong support after the recent decline, but let's see how strong $100k holds as a support.
For the support level at the price of $100K, I think it will be on Bitcoin because in general, those interested in owning and storing Bitcoin have never disappeared and have never decreased even though at this time there is a little panic due to the war conflict. That is why I hope that the conflict will no longer spread to other countries so that Bitcoin investors can feel safe when they want to re-invest in Bitcoin until the market atmosphere becomes better than before.