Bitcoin price plummets again, will $100K be reached?

Jakarta, Pintu News – Bitcoin (BTC) failed to recover above $105,000 and is now continuing to decline. If this trend continues, Bitcoin may continue to fall below $101,200.

Bitcoin Price Decline Continues

Bitcoin did not manage to maintain its position in the positive zone above the $105,500 pivot level. The bears in the Bitcoin market remained active below $105,500 and pushed the price to decline further. The price last reached a high of $107,400 before starting a new decline. It fell below the $105,000 and $104,000 levels, as well as below the 61.8% Fibonacci retracement level of the rise from $99,220 to $107,400.

Currently, Bitcoin is trading below $104,000 and the 100-hour simple moving average. Moreover, there is a bearish trend line with resistance at $103,300 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price may face resistance near the $102,500 level. The first key resistance is near the $103,250 level and the trend line.

Also Read: Shocking Prediction from Donald Trump’s Son: Bitcoin Will Break $1 Million!

Possible Further Losses on BTC?

If Bitcoin fails to rise above the $103,500 resistance zone, another drop is likely. Immediate support is near the $101,200 level and the 76.4% Fibonacci retracement level of the rise from $99,220 to $107,400. The first major support is near the $100,500 level. The next support is now near the $100,000 zone.

Further losses might push the price towards the $98,800 support in the short term. The key support is at $96,500, below which BTC might accelerate the decline in the short term. Technical indicators show the hourly MACD is now accelerating in the bearish zone and BTC/USD hourly RSI (Relative Strength Index) is now below the 50 level.

Aayush Jindal Profile

Aayush Jindal is a leading figure in the world of financial markets with over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled expertise in technical analysis, Aayush is a trusted advisor and senior market expert to investors around the world, guiding them through the modern financial landscape with keen insights and careful chart analysis.

Conclusion

With market conditions constantly changing, investors and market watchers should remain vigilant on Bitcoin price movements. Keeping up with the latest developments and analysis from experts like Aayush Jindal can provide a deeper perspective on the possible future direction of the cryptocurrency market.

Also Read: Bitcoin Poised to Surge After US Government Shutdown Deal: History Repeats?

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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.

FAQ

• What caused the recent Bitcoin price drop?
  • Bitcoin’s price drop was caused by bear activity below $105,500 that pushed the price down from the last high of $107,400.
• What level is Bitcoin currently trading at?

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• What are the main support levels for Bitcoin right now?
  • The key support level for Bitcoin is currently $101,200, followed by $100,500.
• Who is Aayush Jindal and what is his expertise?
  • Aayush Jindal is a financial market expert with over 15 years of experience, renowned for his expertise in technical analysis in the Forex and cryptocurrency markets.
• What might happen if Bitcoin continues to decline below $100,000?
  • If Bitcoin continues to decline below $100,000, the price may head to $98,800 support and if it continues to decline, the next major support will be $96,500.

Reference

• NewsBTC. Bitcoin Drops Again, $100K in Sight. Accessed on November 14, 2025