Bitcoin Stumbles But Holds Key Support—$100K Now the Bullish Litmus Test

BTC/USD takes a hit as profit-booking sweeps through crypto markets—yet the structural uptrend remains intact. Traders cling to the psychological $100K level like Wall Street clings to outdated valuation models.

Key levels to watch: A clean hold above six figures keeps the bull case alive, while any sustained breakdown could trigger the usual chorus of ’I told you so’ from traditional finance dinosaurs.

The real test? Whether institutional money—always late to the party—can stomach crypto’s volatility now that the easy gains are gone.

BTC/USD

BTCUSD accelerated lower on Monday, with 5K drop seen on quick pullback from sessions spike high to 107K zone.

Bitcoin reacted negatively to US rating downgrade and the price fell to the lower side of recent congestion (101K/107K) where it has been established after bulls faced strong headwinds on approach to new record high, but bids remained strong and limited dips.

Broader bullish bias is expected to remain while the price stays above psychological 100K level (reverted to solid support) and will keep in play hopes for renewed attacks at new all-time high and nearby psychological 110K barrier.

Daily studies remain bullish, despite violation of initial 10DMA support (103600) and contribute to expectations of prolonged consolidation (needs to hold above 100K) preceding fresh push higher.

Alternative scenario sees violation of 100K trigger as initial signal of deeper correction of 74389/107204 upleg.

105832; 107204; 109582; 110000.
101388; 100000; 99460; 97681.