Bitcoin Plunge Below $105K Triggers Market Chaos—Experts Warn of Deeper Collapse Ahead

Bitcoin's brutal breakdown below $105,000 sends shockwaves through crypto markets—just as Wall Street 'experts' finish their fourth espresso.

Blood in the channels

The king of crypto just sliced through a critical support level like a hot wallet through butter. Traders are scrambling as the breakdown confirms a bearish pattern that could signal more pain ahead.

Analysts turn doomsayers

Market technicians point to cascading liquidations and weakening momentum. 'This isn't a dip—it's a trapdoor,' quips one chart-watcher, while traditional finance pundits suddenly remember they 'always doubted crypto.'

Silver lining playbook

OGs are stacking sats amid the panic. 'We've seen this movie before,' shrugs a laser-eyed Bitcoiner, adjusting their 'Number Go Up' t-shirt. Meanwhile, altcoins are bleeding out like overleveraged degens at margin call o'clock.

Will this flush out weak hands or mark the start of crypto winter 2.0? Either way—the casino stays open 24/7.

Bitcoin Price Headed For Further Breakdown

Crypto analyst TehThomas had previously called the bitcoin price crash from the $108,000 territory, suggesting that the digital asset still had to fill Fair Value Gaps (FVG) at lower levels before it could continue to soar. Then recently, the crypto analyst has once again reiterated his stance as the price had begun to fall back toward $100.000.

Thomas explained that Bitcoin was already showing signs of exhaustion. Hence, the reason for the crash was due to a loss of $108,500. At this level, with the price failing to break out higher, it showed that the initial surge had been a takeout, and the right direction was actually downward. The initial bullish move was seemingly a way for an internal liquidity grab while clearing out breakout buyers at the same time.

Now, the bitcoin price has broken below an important channel at $105,000 after a successful retest. The analyst explains that this aligns with the 50% equilibrium of the high-to-low range. Naturally, this means that the asset is still bearish and could continue to decline from here.

The main levels to watch were initially at $104,600, but the Bitcoin price had first broken below this level on Tuesday. Now, if the decline continues, then the next major level investors are looking at is the $102,800, where support now lies for the cryptocurrency.

Below $100,000 Is Still Possible

In addition to Thomas, crypto analyst Xanrox has also predicted further price crashes for Bitcoin. He points out that the formation of a bull flag does not mean the price will continue to rise, as the flag could very well break. If this happens, then the analyst sees the Bitcoin price dropping to $100,000.

Unlike Thomas, Xanrox places his support levels at the much lower price of $88,000, which WOULD suggest a major price crash from here. “When we look at the current price action, it looks like a bullish flag consolidation pattern,” the analyst said. “In this case we will probably see multiple liquidity sweeps below the previous swing lows to kick out early longs.”

Another analyst, Doctor Profit, has also turned bearish, predicting a decline below $100,000. In the X post, the crypto analyst said that the Bitcoin price is likely to fall to the $94,000-$95,000 level before seeing a bounce from there. Therefore, the analyst has told investors to prepare for more red candles.