[Analyst: $100,000 is Bitcoin's next key support level; further decline may trigger more sell-offs and increase market volatility] BlockBeats News, November 12, according to The Block, Kronos Research Chief Investment Officer Vincent Liu stated: 'Bitcoin's decline is mainly due to profit-taking and a large number of long positions being closed after failing to reclaim the $107,000 resistance level.' He pointed out that Bitcoin's brief rebound was driven by the U.S. Senate passing the government funding bill, which boosted market risk appetite. However, this was not enough to offset the pressure from profit-taking, leverage liquidations, and ongoing technical weakness. Vincent Liu said: 'The rebound driven by macroeconomic positives quickly faded.' He noted that $100,000 is the next key psychological support level, and 'further declines could trigger more sell-offs and increase market volatility.'