Bitcoin Under Siege: Key Support Levels Crumble Amid Market Turmoil

Bitcoin's fortress walls are cracking—critical support levels just got vaporized in today's bloodbath.

The king of crypto now faces its sternest test since the 2024 halving, with traders scrambling to recalculate their exit strategies. When $60K broke, it wasn't just a number—it was the sound of leveraged longs getting liquidated from Hong Kong to Wall Street.

Meanwhile, gold bugs and traditional finance pundits are already popping champagne—because nothing makes boomers happier than watching 'digital gold' prove its volatility. Again.

Next stop? Either a glorious rebound that leaves skeptics choking on dust...or a full-blown cascade that turns HODLers into bagholders. Place your bets.

Bitcoin$106,101 has once again succumbed to selling pressure, failing to maintain its position above the critical $107,250 level. This area, previously a support zone, has transformed into a formidable resistance point after being broken. The latest pullback indicates a deepening of short-term weakness and technically confirms a downtrend.

“Death Cross” Signal Casts Shadows

Recent Bitcoin price movements have bolstered the formation of the much-discussed “death cross” pattern closely watched by technical analysts. This pattern occurs when the 50-day simple moving average (SMA) falls below the 200-day average, suggesting that short-term momentum is losing out to the long-term trend. Usually associated with prolonged downtrends, this formation is seen as a sign of market weakness.

However, historical data underscores that the indicator isn’t always reliable. Similar intersections in September 2023, August 2024, and April 2025 did not result in sustained declines. Instead, Bitcoin rebounded after these periods. Thus, while the current technical landscape requires attention, it should not be the sole determinant for investors.

Critical Support at the $100,000 Threshold

The market is currently eyeing the $100,000 level as a vital support area. If this level is breached, accelerated selling could follow. However, a strong closure above $107,250 might invalidate the bearish scenario and empower the bulls. Investors are also considering macro liquidity conditions and ETF inflows as they attempt to gauge price direction.

Despite these considerations, the recent downward movement in the past 24 hours has highlighted the resurfacing of short-term weakness, painting a cautious technical picture. bitcoin is fluctuating around $105,000, awaiting new catalysts to determine its next course.