Altcoins News

Story: Bitcoin Falls Back to $100K: Is the Parabolic Rally Losing Steam?

By MikeT

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BTC Breaks Below $105K Support. Bitcoin began the week under renewed selling pressure, failing to hold above the crucial $105,500…

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Technical Structure Turns Bearish. The technical outlook now shows that Bitcoin is trading below both $104,000 and the 100-hour…

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Resistance Levels to Watch. If buyers manage to push the price higher, the first major resistance sits near $103,500, followed…

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Key Support Zones and Risk Levels. On the downside, immediate support is located at $100,200, with the next critical level around…

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Market Sentiment and Investor Reaction. The recent pullback has sparked mixed sentiment among investors.

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What Comes Next for Bitcoin?. Market strategists note that the $100,000 level is a crucial psychological and technical point.

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Bitcoin’s record-breaking rally has finally hit turbulence as the world’s largest cryptocurrency slid back toward the $100,000 mark.

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Data from Kraken shows that BTC touched an intraday low of $98,900 before stabilizing near the $100,000 area.

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The technical outlook now shows that Bitcoin is trading below both $104,000 and the 100-hour Simple Moving Average, signaling a short-term bearish trend.

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According to chart analysis, the 23.6% Fibonacci retracement level of the move from the $111,000 swing high to the $98,900 low lies around $102,000 — a zone where Bitcoin is…

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If buyers manage to push the price higher, the first major resistance sits near $103,500, followed by $105,000, which coincides with the 50% Fibonacci retracement level of the…

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However, analysts warn that without a decisive breakout, Bitcoin’s rally could continue to lose traction.

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A failure to defend the $95,500 region might indicate a deeper bearish reversal, potentially leading to a prolonged consolidation phase after months of strong gains.

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The recent pullback has sparked mixed sentiment among investors. While long-term holders remain optimistic about Bitcoin’s structural strength, short-term traders are taking a…

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Despite the short-term weakness, Bitcoin’s fundamentals remain strong. Institutional demand continues to grow, with Bitcoin ETFs in the U.S.

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