Will Bitcoin Price Drop Below $100K? Here’s What You Need to Know
Bitcoin's $100K threshold becomes the ultimate psychological battleground for bulls and bears alike.
The Momentum Question
Market sentiment swings like a pendulum—every dip below six figures triggers panic selling while institutional whales accumulate at these levels. Retail traders watch their screens with white knuckles, wondering if this is the big correction or just another fakeout.
Technical Reality Check
Support levels around $95K-$98K act as digital tripwires. Break through that floor, and you're looking at cascading liquidations. Hold firm, and it becomes the launchpad for the next leg up. The charts don't lie—but they do taunt.
Macro Factors at Play
Regulatory whispers, ETF flows, and that ever-present Fed policy drama create perfect storm conditions. Traditional finance guys still can't decide if it's digital gold or a speculative bubble—meanwhile, the blockchain keeps ticking along, utterly indifferent to human anxiety.
Final Tally: Nobody actually knows—not the analysts, not the influencers, certainly not that guy on YouTube with the laser eyes. But if history's any guide, betting against Bitcoin has been a fantastic way to underperform the market for over a decade. Sometimes the smartest trade is just holding through the noise.
Crypto markets are bouncing back strongly this week, with total capitalization climbing close to $3.92 trillion after a sharp sell-off earlier. Bitcoin is leading the charge, jumping 2.19% to trade around $113,336, but analysts say this isn’t enough to confirm strength.
With September approaching, historically a bearish month for crypto, traders remain cautious.
Wondering what to expect next?
Bitcoin Selling Pressure Near $113.6K
Despite the bullish surge, bitcoin is struggling around the key $115,000 support zone, which traders call a “make-or-break” level.
According to Glassnode, BTC faces resistance NEAR $113,600, which is the average price paid by short-term holders over the last three months. Since many of these investors are still under pressure, they may sell at this level to break even.
This makes $113,600 a key barrier to watch, while $115,600, the one-month cost basis, adds another resistance point if momentum continues upward.
Three Possible Scenarios Ahead
On top of it, Analysts note that Bitcoin’s next MOVE depends heavily on whether key support levels hold.
If BTC slips, it could fall to $108K–$104K, flushing out overleveraged bulls. From there, a strong rebound might push it toward $130K, with the bull market support band (BSB) near $106K acting as the springboard.
On the other hand, if BTC defends the $111K–$112K zone, it could quickly reclaim $114.5K and move higher, especially if rate cuts add momentum.
The real danger lies in a deeper drop. Falling toward the 50-week SMA ($92K–$98K) WOULD signal a bearish shift. Historically, slipping below this level has marked cycle tops, as seen in 2017 and 2021.
Bitcoin ETFs Show Declining Inflows
Adding more bearish pressure, Bitcoin ETFs have seen declining inflows, suggesting waning confidence among institutional investors. Over the past two weeks, nearly $1.5 billion flowed out, while inflows dropped to just $81.4 million as of August 27.
On the flip side, BlackRock boosted ethereum ETFs with a $262.6 million investment on the same day, driving total inflows over $307 million and outpacing Bitcoin’s activity.
