Bitcoin’s price has recently fallen to around $100,000, where it encountered buying interest and initially recovered, rising to approximately $104,000. However, following declines on Wall Street yesterday, Bitcoin dropped again toward $101,000, and we now see that the bearish sentiment persists across the broader cryptocurrency market.
Looking at previous correction patterns, we can observe that each pullback has been very similar in scale—almost 1:1 corrective moves within the ongoing uptrend. Interestingly, since Bitcoin’s drop to $48,000 in the summer of 2024, the low of the following sell-off in spring 2025 formed about $26,000 higher (around $74,700). If this proportional range were to repeat, the current correction could bottom out around current levels.
On the other hand, the depth of previous downward impulses was slightly greater, which would now imply a potential decline toward $94,000, effectively erasing nearly all of this year’s gains. Based on price action analysis and indicators such as RSI and MACD, market conditions appear oversold, and the key short-term support level remains near $100,000, where we already observed a strong buying reaction—further reinforced by a similar rebound seen in June.
Conversely, the main resistance level is currently the 200-day EMA, located near $110,000, which also coincides with an important on-chain level—the average purchase price of short-term holders. A move toward that area would likely ease selling pressure among retail investors. The biggest risk remains a continued correction in the stock market, which could push Bitcoin below the $100,000 threshold.

Source: xStation5
Extended decline at the end of a week! 🚨
US OPEN: Market extends decline at the end of the week
CAD Gains on Strong Canadian Labor Market Data 💡
Constellation Energy: Mixed Results for Q3 2025
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.