Bitcoin's price fell below $100,000 for the third time this month, hitting $98,841.86. Total liquidations in the crypto market reached $463 million, with long positions accounting for $342 million. Analysts point to rising production costs and macroeconomic factors as influencing price pressures.

The article analyzes the relationship between gold and bitcoin returns using statistical testing. It reveals that there is no consistent evidence to support the idea that stronger gold returns lead to stronger bitcoin returns, with mixed results across different timeframes.

Bitcoin is at a critical juncture as it approaches a potential parabolic phase or the end of its current bull market. Analysts are closely monitoring market indicators to determine whether Bitcoin can sustain its momentum or if it will face a downturn in the coming days. The outcome in the next 100 days could significantly influence its price trajectory.