Bitcoin Drops Below $100K — Analysts Warn of $98K and $95K Targets
📉 Bitcoin Slips Under $100K as Bears Push Toward $98K
BTC loses key support — analysts warn of a deeper pullback unless momentum flips fast.
Bitcoin failed to hold above $104,000 and has now broken below the $100,000 mark, dropping more than 4% as bearish momentum strengthens. Analysts see room for further downside toward $98,000 — and even $95,000 — if buyers don’t return quickly.
BTC struggled to sustain gains above the $103,500–$104,000 zone, with bears taking control below $102,500. An hourly bearish trend line on the BTC/USD chart (Kraken data) shows resistance at $102,200, capping short-term upside attempts.
With traders shifting to risk-off mode and reducing exposure to volatile assets, the next move hinges on whether Bitcoin can reclaim $102,200 — or collapses toward deeper support.
🔎 Quick Facts
- 📉 BTC failed to stay above $104K
- 🔻 Price dropped under $100K, down 4%
- ⚠️ Key resistance: $102,200
- 🛑 Critical supports: $98,500 → $98,000 → $95,000
- 📊 Hourly chart signals bearish momentum
- 🔄 Recovery possible only above $102,200
📉 Bears Take Control Below $102,500
Bitcoin couldn’t maintain strength above $103,500–$104,000, and sellers quickly pushed the price down. Below $102,500, bearish momentum accelerated, confirming a short-term trend shift.
A descending trend line at $102,200 is now acting as the ceiling — and unless BTC breaks above it, the market remains vulnerable.
📉 Downside Targets: $98K → $95K
If BTC stays below $102,200, analysts warn the next key level is $98,500–$98,000. A breakdown below that zone may trigger a sharper sell-off toward $95,000.
Risk-off sentiment across the market suggests traders are de-leveraging and waiting for clearer directional signals.
📈 What If BTC Recovers?
A bounce above $102,200 could open the door to a retest of:
- 🔼 $103,500
- 🔼 $105,500
But that requires a shift in momentum — something not yet visible on the hourly indicators.
🧭 Why This Matters
- 📌 $98K is the level to watch — losing it may accelerate selling.
- 📌 Resistance at $100,500–$102,200 could cap any rebound.
- 📌 Hourly indicators show clear bearish pressure.
✅ TL;DR
- BTC drops under $100K after failing above $104K.
- Key resistance: $102,200.
- Main supports: $98K → $95K.
- Recovery possible only if BTC reclaims $102,200.
- Market sentiment: risk-off, bearish on short-timeframes.
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