Bitcoin faces renewed pressure as market participants brace for a retest of the critical $100,000 support level. This comes amid declining momentum indicators, specifically a falling Relative Strength Index (RSI), pointing to possible lower lows for the leading cryptocurrency.

Market sentiment remains guarded, with traders expressing caution over prominent figures and their influence on price movements. This atmosphere of uncertainty paves the way for potential volatility in Bitcoin's near-term trajectory, raising questions about its ability to sustain the pivotal $100,000 level.

As the landscape for Bitcoin evolves, traders will be closely monitoring both external and technical indicators for cues on future price action.