Bitcoin has slipped below the crucial $100,000 mark, triggering concerns of a potential short-term correction as bearish momentum gains strength. After reaching highs above $110,000 earlier this year, BTC saw a sharp weekend pullback that dragged prices beneath key technical support zones. Now, analysts are warning that the leading cryptocurrency could be poised for an additional 5% to 10% drop — a move that could take the price down to the $92,000 to $95,000 range.

Despite the sudden price action, many market observers are urging calm. Short-term pullbacks are common during prolonged uptrends, and several signs suggest that Bitcoin’s latest retreat may represent a healthy market reset rather than the start of a prolonged downtrend. Still, a growing number of technical indicators are flashing red. Momentum has clearly slowed, trading volume has shifted, and investor sentiment has cooled in recent sessions. These shifts often precede price corrections and may signal that Bitcoin is due for further downside before resuming its longer-term rally.

The Relative Strength Index (RSI), a popular momentum gauge, is forming a bearish pattern of lower highs and lower lows. At the same time, the Supertrend indicator has flipped from bullish to bearish, suggesting that the recent uptrend may be losing steam. Bitcoin’s inability to establish a solid bounce from its support zone has only added to the uncertainty, leaving traders questioning whether stronger support exists at lower price levels.

Current technical analysis points to $98,817 as the next important support level. If that floor gives way, Bitcoin could tumble further, with the next significant support around $93,500. While such a move might sound alarming, it wouldn’t be unprecedented — or necessarily unhealthy. Markets often retrace gains before moving higher, and seasoned investors are treating the current dip as just another part of the cycle.

Interestingly, despite the market volatility, institutional interest in Bitcoin remains strong. Long-term holders and large financial players appear unshaken by the price dip, viewing the downturn as a strategic buying opportunity. In recent days, Metaplanet, a Japanese public company, introduced the purchase of 1,111 BTC. U.S.-based investment firm Cardone Capital added nearly 1,000 BTC to its portfolio and plans to increase its holdings by an additional 3,000 BTC in the coming months. Meanwhile, financial giant BlackRock reportedly acquired over 11,000 BTC last week alone — a significant inflow compared to the roughly 3,500 BTC that were mined during the same period.

Such accumulation by major players reinforces the belief that Bitcoin’s long-term trend remains upward. Analysts argue that large institutions tend to buy during periods of weakness, taking advantage of market dips to secure positions before the next rally. This behavior aligns with similar movements in 2024, when Bitcoin faced pressure for roughly two weeks before exploding into a breakout that saw it reach new highs.

Macro factors are also playing a role in the current price fluctuations. With ongoing global tensions and economic uncertainty, risk assets like cryptocurrencies have experienced renewed volatility. Yet many experts believe Bitcoin’s fundamentals remain strong, and that the asset is increasingly being viewed as a store of value amid broader financial instability.

As Bitcoin trades just below the $100K mark, the market sits at a critical juncture. The days ahead could determine whether BTC finds renewed bullish energy or slips further toward lower support zones. While short-term indicators lean bearish, the consistent accumulation by institutions hints at longer-term confidence that remains largely intact.

For now, investors and traders are watching closely. Whether this correction deepens or marks the start of the next leg up, one thing is clear — Bitcoin’s next major move is just around the corner.