Bitcoin at the Brink: Will Bulls Smash Through the $100K Barrier in 2025?

Bitcoin's staring down the barrel of its toughest resistance yet—can the bulls muster enough firepower to blast past $100K?

The $100K psychological ceiling isn't just a number—it's the battleground where crypto dreams either moon or get rekt. After flirting with this level for months, the market's itching for a resolution.

Here's the playbook: Institutional money's lurking, retail's FOMO-ing, and the usual suspects—macro fears, ETF flows, and miner capitulation—are all jostling for influence. Meanwhile, Wall Street's still trying to 'explain blockchain' at cocktail parties.

One thing's certain: When Bitcoin finally breaches $100K, the champagne corks will pop louder than a DeFi exploit. Until then? Buckle up—volatility's back on the menu.

• Bitcoin falls below $100K, triggering $1B in long liquidations and strengthening the bearish market sentiment.
• A breakdown of key support levels puts Bitcoin at risk of falling to $93K, signaling growing selling pressure.
• Resistance at the $104K EMA stands in Bitcoin’s way; overcoming this could lead to a short-term price recovery.

Bitcoin (BTC) fell below the price level of 100K and is presently priced around $99.8K. This loss has occasioned close to one billion dollars of long liquidation. The dominance of Bitcoin in the market has increased to 66%, leaving altcoins suffering. The net market mood is strongly bearish, and most investors fear the market will drop further. This has traders following opportunities with possible indications of a market bottom.

According to analyst Sykodelic, the convergence of recent events makes a strong case to be made by high-conviction BTC investors. His projections show that bitcoin could reach a bottom by Monday, though it is on a downward trend currently. In the event of this, BTC may embark on a rebound, as the price may increase to $112K by the end of the week.

The confluence adding up here is pretty staggering

– Almost $1bn in Long liquidations today.
– Key liquidity taken at $98.5k.
– BTC.D hit 66% for the first time
– Altcoin index at fresh lows
– Sentiment totally fucked

You do not get much more staggering confluence to give the… pic.twitter.com/beO5OP1PkT

Bitcoin Faces Bearish Pressure

The price of Bitcoin has fallen under major support lines such as the 50-day simple moving average (SMA) of $104,788. This was a bullish reversal of the cryptocurrency that broke out of the $100,000 support on Sunday. The moving averages are at the threshold of a bearish cross-over over meaning that the bears are taking control of the situation. Failure to close back above the 100K mark may result in additional sell-offs, which would drag the price down to the 93K mark.

The Relative Strength Index (RSI) is also currently negativ,e giving further support to the bearish sentiment. Further selling pressure may develop in case of continued price below $100K. The main hurdle that remains to be taken by BTC is to cross the 20-day exponential moving average (EMA) of $104,616. Provided that this resistance is overcome, there can be a short-term recovery.

Can Bulls Overcome Key Resistance?

A bearish descending triangle forms in the recent price actions of Bitcoin as well. The selling below or NEAR to 100,700 has verified the trend with the probable price objective of 89,420. Nevertheless, market analysts do not say that a relief rally is out of the question. Even with the bearish positioning, the bulls of BTC could aim to take back the $100,700 mark and place pressure on the 20-EMA.

Source: TradingView

Given the right push, Bitcoin could rise to challenge the downtrend line if it can to rise above the 20-EMA. This level is, however, likely to provide a major opposition. This is a hurdle that buyers must conquer to have a substantial recovery occur. Otherwise, failure to do so may bring about a further correction, potentially to test the $89K level.

Despite the formidable bearish sentiment, BTC has proved in the past to fight back. Bitcoin may start to recover if buyers are able to take control once again and drive price levels back above major moving averages. Market players are optimistic momentarily and waiting to be reassured before taking their big steps. 

The market of BTC continues to tighten under the pressure as it battles the position of less than $100,000. The bearish attitude has been the breakdown of important support lines, and the target may reach $93,000. Nevertheless, a relief rally is possible when buyers can MOVE the price beyond major moving averages. Market players will observe the price action of BTC keenly on the possibility of it reversing.