Bitcoin Surpasses $100,000 Amid Market Volatility

Bitcoin's price recently surpassed the $100,000 mark, fueling bullish optimism despite a potential bearish head-and-shoulders pattern that could trigger corrections. Bitcoin's RSI has dropped to oversold levels, signaling potential short-term recovery as traders anticipate a relief bounce. The cryptocurrency market has faced a downturn influenced by macroeconomic factors like US job data affecting investor sentiment. Cardano (ADA) has shown strong performance, breaking above key resistance levels and maintaining a bullish trend supported by a high Average Directional Index. Bitcoin's Open Interest has sharply increased, indicating a rise in leveraged positions which could lead to heightened price volatility.