Bitcoin’s Break Below Key Support Levels Puts $100,000 in Sight

Bitcoin’s recent price action suggests that the long-held $100,000 level may soon be tested — not as an ambitious target, but as a potential support zone amid growing bearish momentum. After weeks of steady decline, Bitcoin has officially slipped below all its short-term moving averages, including the critical 50-day and 100-day EMAs. Its last technical defense, the 200-day EMA near $108,000, has now been breached, with the cryptocurrency trading around $105,800 at press time.

Historically, investors have viewed the 200-day EMA as a prime accumulation zone, but sentiment appears weaker this time. Selling pressure is intensifying across both spot and derivatives markets, and liquidity pools between $104,000 and $102,000 are expanding — signaling that Bitcoin could see further downside before stabilizing. The uptick in trading volume during red candle sessions highlights panic selling rather than strategic buying, deepening the bearish outlook.

While the Relative Strength Index (RSI) hovers near 42, indicating oversold conditions, traders remain hesitant to “catch the falling knife.” The previous “buy the dip” mentality has shifted toward cautious waiting as uncertainty grips the market.

If Bitcoin fails to regain ground above $108,000, the path toward $100,000 becomes increasingly clear. With limited structural support between current levels and the six-figure mark, a swift move downward seems plausible. Conversely, a decisive recovery above the 200-day EMA could restore some bullish confidence, but the clock is ticking for Bitcoin to reclaim its footing.

The market stands at a critical juncture — one that could determine whether Bitcoin rebounds or continues its descent into the $100,000 range, marking a defining moment for both short-term traders and long-term investors.