Bitcoin price below $100,000: Is this the beginning of a deeper crash?

Bitcoin Price Drops Sharply Again

Bitcoin is once again testing traders' nerves. The leading cryptocurrency has dropped sharply from $116,000 to around $107,300, marking a significant 3% decline within 24 hours. This sell-off follows a series of lower highs since mid-October, intensifying concerns that Bitcoin's bullish momentum may be weakening.

The daily chart shows Bitcoin struggling to stay above the 200-day Simple Moving Average (SMA), which is currently near $109,800. This key line has acted as dynamic support throughout 2025, and a decisive break below it could accelerate bearish sentiment.

Bitcoin Price Analysis: Key Levels to Watch

The $BTC/USD daily chart clearly depicts vulnerability. After repeatedly failing to reclaim the $111,000–$112,000 range, sellers have regained control. Momentum indicators have also turned bearish:

• RSI (Relative Strength Index) is near 40, indicating weakening buying pressure.
• The MACD line remains below zero, suggesting momentum may continue to tilt downward.
• The 50-day moving average is below the 200-day SMA, with a potential bearish crossover forming.

BTC/USD 1-Day Chart - TradingView

If Bitcoin closes decisively below $107,000, a key psychological threshold, a large number of stop-loss orders could be triggered, leading to further declines.

Short-Term Bitcoin Forecast: What If Bitcoin Breaks Below 107K?

If the 107K support fails, the next key areas to watch are:

Support Level Area Description Probability Impact

$106,000	Minor support at June volatility low	⚠️ High
$100,000	Psychological round number and previous breakout level	🔥 Very High
$92,800	Historical confluence point from February consolidation	⚠️ Medium
$75,000	2024 support floor and long-term bullish defense line	🧊 Low (unless panic selling occurs)

A drop toward $100K would confirm a mid-term correction phase, erasing nearly all gains from the summer rebound. A break below $92,800 could further lead to $75K, where Bitcoin found strong buying interest at the start of 2024.

Bullish Bitcoin Outlook: Can Bitcoin Recover From Here?

For bulls, hope is not entirely lost. Bitcoin remains within its long-term ascending channel and is still above last year's average range. To negate the bearish outlook, BTC must reclaim $111,000 and then close the daily candle above $116,000 to reestablish higher highs.

Until then, the market remains fragile. The technical structure suggests traders should closely monitor the $107K–$100K area, as any breakout could trigger volatility across the broader crypto market.