Bitcoin is once again testing its 100-day simple moving average (SMA) as a resistance level, marking the third such occurrence in six months. Analyst Alicharts highlights the significance of this moment, noting that previous failures to break through this level led to substantial price declines. In October, Bitcoin fell 30% from $116,000 to $80,000, and in January, it dropped 39% from $97,000 to $59,800. Alicharts warns that another rejection at this level could trigger a triple top effect, potentially pushing Bitcoin's price back to its annual low of $59,800. Conversely, a successful breakout above the 100-day SMA could invalidate this resistance, paving the way for a rise to $80,000–$84,000 and signaling the end of a macro adjustment phase.