Bitcoin’s $100K Support Crumbles: Brace for Impact as Critical Market Structure Fails
Bitcoin's fortress at $100K just got stormed—and the bears are licking their chops.
The king of crypto flashes red as critical support evaporates, leaving traders scrambling for cover. This isn't a dip—it's a full-blown breakdown testing the market's conviction.
Key levels shattered: The $100K psychological floor—once hailed as 'the new base' by permabulls—now serves as resistance. Chartists see cascading liquidations ahead unless bulls mount a swift counterattack.
Meanwhile, traditional finance desks whisper about 'overleveraged crypto kids' between sips of $20 artisanal coffee. The irony? Wall Street's own crypto ETFs are bleeding alongside the spot market.
One truth remains: In crypto, gravity always wins—until it doesn't.
His comments come as the golden asset fails to sustain momentum above $105,000, while Gold prices soar to three-week highs, fueling a fresh round of debate between digital-asset believers and traditional gold advocates.
After touching a high NEAR $107,400, the coin sharply corrected, sliding below $105,000 and later $102,000.
Currently trading at $101,992, down 1.12% in the past 24 hours, extending its 7-day (-1.49%) and 30-day (-10%) declines. The key reasons for this continuous falling is measured as:
ETF Outflows: $939M exited spot BTC ETFs.
Technical Breakdown: BTC fell below key price floor and moving averages
Whale Activity: Large transfer added volatility
Macro Uncertainty: Delayed U.S. economic data and policy ambiguity
Why Schiff is Ponting to Gold
While Schiff’s anti-Bitcoin stance isn’t new, his hinting coincides with renewed strength in gold markets. The yellow metal climbed to around $4,180 per ounce, marking a 5% weekly gain and its highest level in three weeks.
Gold’s rally is supported by rising expectations of a Fed rate cut, with traders assigning a 65% probability of a 25 bps reduction next. Economic uncertainty in the U.S., including delayed data and weaker private labor reports, has also driven investors toward traditional safe-haven assets, which is just opposite as Bitcoin’s case.
Bitcoin Resistance and Support Levels to Watch
Technical data shows a bearish trend line forming near $103,300, acting as a strong resistance. The next resistance levels sit at $103,500, $105,000, and $106,800, while a failure to reclaim these could invite more downside pressure.
Immediate Support: $101,200
Major Safety Net: $100,500
Critical Zone: $100,000
Deeper Aid: $98,800 and $96,500
A decisive close below the 100K support could trigger a sharper correction, potentially dragging the price toward the mid-$90,000s.
Outlook: Will $100K Support Hold?
With technical and psychological pressures mounting, Bitcoin’s $100,000 assistance level has become the market’s focal point. A sustained rebound above $103,500 could restore confidence, but failure to hold above $100K might lead to a steep correction toward $96,500 or lower.
As volatility rises, investors are split between opportunity and risk, and the next few sessions could decide whether Bitcoin’s $100K support becomes a new floor or the start of a deeper fall.
