Bitcoin at a Crossroads: Will It Plunge Below $100k This Week?
Bitcoin teeters on the edge as traders brace for a potential drop below $100k. The crypto king’s volatility is back in the spotlight—just when Wall Street thought it had everything under control.
Market jitters or calculated correction? Bulls and bears clash over whether this dip is a buying opportunity or the start of a deeper slide. Meanwhile, institutional investors keep straight faces while quietly sweating through their tailored suits.
One thing’s certain: if Bitcoin craters, the usual suspects will blame 'macro conditions'—because admitting they got greedy at the top is so 2021.
Bitcoin is trading steadily around the $100,000 mark, showing little movement over the past few days. The market feels slow and quiet, but this calm could be setting the stage for the next big move.
One market analyst said that Bitcoin’s price has now moved independently of the M2 money supply. This disconnect could last for a while, as the Federal Reserve isn’t expected to add fresh liquidity until next year.
When that happens, Bitcoin might start climbing again. For now, the price will likely stay in a range between $90,000 and $120,000.
Calm Before the Next Move
The $100K area has turned into an important zone for Bitcoin. It’s acting as a solid base where buyers have repeatedly stepped in. On the weekly chart, bitcoin is sitting close to long-term support levels, including the 55-week moving average and an RSI level that has held firm in the past.
Oversold Levels Bring Hope for a Turnaround
Bitcoin’s technical setup is starting to look heavy but stable. The weekly RSI is sitting in a support zone, and the stochastic RSI is NEAR the bottom range — both conditions that have, in earlier cycles, marked moments when Bitcoin found its footing. The “death cross,” which usually scares investors, has in this cycle often been followed by rebounds rather than crashes.
Price Zones to Watch
Right now, Bitcoin is bouncing between $103,000 and $112,000. If it pushes above $112,000, a short-term rally could take shape. On the other hand, if it slips below $103,000, the next stop could be deeper support near $99,000. For now, this movement remains rangebound and quiet.
Even though the action feels dull, this kind of sideways trading has often come before larger trends. Bitcoin holding above $100K shows that the market still sees this area as strong support. A clear breakout, up or down, will decide where the next phase begins.
