The post Bitcoin Price At Risk of Falling Below $100k, Here’s Why appeared first on Coinpedia Fintech News
Bitcoin’s price action has been choppy lately, with sharp drops followed by quick recoveries, leaving traders on edge. Despite recent volatility, Bitcoin continues to hold critical support around the $100,000 mark—a level that many view as the market’s last line of defense. At the time of writing, Bitcoin is down by more than 1.5% and is trading slightly above the $105k mark.
On the upside, resistance sits near $109,000–$110,000, creating a narrow trading range where each bounce and pullback tests both buyers and sellers.
Technical patterns point to a classic bull flag formation, hinting that once Bitcoin carves out a higher low here, it could break upward. If that happens, the next major challenge would be clearing the $109,000–$110,000 zone, after which relatively little stands in the way of a run toward $180,000–$200,000.
However, the bears still have potent support levels to contend with: Fibonacci walls near $93,000 and $92,000, followed by additional floors at $85,000 and $77,000. A sustained break below these would require an extraordinary “black swan” event to shift sentiment decisively bearish.
Outside of pure crypto factors, wider market moves are playing a role. A looming inverse head-and-shoulders pattern in U.S. stocks could spark a 5–10% drop there, which in turn might spill over into digital assets. For now, traders are in “protection mode,” wary of taking fresh altcoin positions until Bitcoin’s trend becomes clearer. Yet history shows these rocky phases often mark market bottoms, setting the stage for the next leg up once confidence returns.
In short, Bitcoin is at a pivotal moment: hold above $100,000 and the path to new highs remains open; slip below the key support walls and deeper pullbacks become more likely.