Bitcoin price below $100,000: Is this the beginning of a deeper crash?
Bitcoin fell to 107K after losing key support. Analysts warn that a drop below 107K could trigger a slide toward 100K or even lower.
Bitcoin Price Drops Sharply Again
Bitcoin is once again testing traders' nerves. The leading cryptocurrency has dropped sharply from $116,000 to around $107,300, marking a significant 3% decline within 24 hours. This sell-off follows a series of lower highs since mid-October, intensifying concerns that Bitcoin's bullish momentum may be weakening.
The daily chart shows Bitcoin struggling to stay above the 200-day Simple Moving Average (SMA), which is currently near $109,800. This key line has acted as dynamic support throughout 2025, and a decisive break below it could accelerate bearish sentiment.
Bitcoin Price Analysis: Key Levels to Watch
The $BTC/USD daily chart clearly depicts vulnerability. After repeatedly failing to reclaim the $111,000–$112,000 range, sellers have regained control. Momentum indicators have also turned bearish:
- RSI (Relative Strength Index) is near 40, indicating weakening buying pressure.
- The MACD line remains below zero, suggesting momentum may continue to tilt downward.
- The 50-day moving average is below the 200-day SMA, with a potential bearish crossover forming.
BTC/USD 1-Day Chart - TradingView
If Bitcoin closes decisively below $107,000, a key psychological threshold, a large number of stop-loss orders could be triggered, leading to further declines.
Short-Term Bitcoin Forecast: What If Bitcoin Breaks Below 107K?
If the 107K support fails, the next key areas to watch are:
| $106,000 | Minor support at June volatility low | ⚠️ High |
| $100,000 | Psychological round number and previous breakout level | 🔥 Very High |
| $92,800 | Historical confluence point from February consolidation | ⚠️ Medium |
| $75,000 | 2024 support floor and long-term bullish defense line | 🧊 Low (unless panic selling occurs) |
A drop toward $100K would confirm a mid-term correction phase, erasing nearly all gains from the summer rebound. A break below $92,800 could further lead to $75K, where Bitcoin found strong buying interest at the start of 2024.
Bullish Bitcoin Outlook: Can Bitcoin Recover From Here?
For bulls, hope is not entirely lost. Bitcoin remains within its long-term ascending channel and is still above last year's average range. To negate the bearish outlook, BTC must reclaim $111,000 and then close the daily candle above $116,000 to reestablish higher highs.
Until then, the market remains fragile. The technical structure suggests traders should closely monitor the $107K–$100K area, as any breakout could trigger volatility across the broader crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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