Bitcoin (BTC) plunges below $100K, will the uptrend end?

Updated

November 6, 2025

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ChatGPT Perplexity

Summarize

ChatGPT Perplexity

Gambar Bitcoin (BTC) plunges below $100K, will the uptrend end?

Jakarta, Pintu News – Bitcoin is now showing a significant drop below $103,500, signaling a potential continuation of the bearish trend if it remains below that resistance.

Introduction: Current Bitcoin Market Conditions

Bitcoin (BTC) failed to maintain support at the $105,500 level and started a fresh decline. The crypto dropped below $104,000 and $103,500, entering the bearish zone. The drop even reached below the $100,000 support, with a new low forming at $98,900. Currently, Bitcoin (BTC) is consolidating losses near the 23.6% Fibonacci retracement level of the move down from $111,000 to $98,900.

Also Read: Will Bitcoin (BTC) Experience a Sharp Drop Before Surging Again? Here’s the Analysis!

Recent Technical Analysis

Bitcoin (BTC) is now trading below $104,000 and the hourly simple moving average of 100. If buyers attempt a recovery wave, they may face resistance near the $102,000 level. The first key resistance is near $103,500, where there is also a bearish trend line formed on the hourly chart of the BTC/USD pair. The next resistance may be at $105,000 and the 50% Fibonacci retracement level of the move down from $111,000 to $98,900.

Potential for Further Decline

If Bitcoin (BTC) fails to rise above the $103,500 resistance zone, it is likely to continue moving down. Immediate support is near the $100,200 level, with the first major support at $100,000. The next support is now at the $98,800 zone. A further drop will probably send the price towards the $96,200 support in the short term. The key support is at $95,500, below which Bitcoin (BTC) may struggle to recover in the near term.

The Future of Bitcoin

With technical indicators showing increasing bearish momentum, the future of Bitcoin (BTC) seems to be facing more challenges. Investors and traders should pay attention to key support and resistance levels to make informed decisions in managing their portfolios. Foresight in analyzing market trends will be key in dealing with the volatility.

Also Read: Dash price soars, hitting $100 after almost 4 years!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.