Bitcoin Plunges Deeper Into Correction Zone — $105,500 Emerges as Critical Support Battlefield

Bitcoin's bleeding continues as the digital asset carves deeper into bearish territory.

The Support Zone Showdown

Traders are now laser-focused on the $105,500 level—the next major defense line that could either halt the slide or trigger another leg down. Market sentiment shifts from cautious optimism to defensive positioning as the king cryptocurrency tests key technical levels.

Technical Breakdown

The current price action reflects broader market jitters, with institutional players and retail traders alike watching the $105,500 marker like hawks. A break below this support could open the door to further declines, while holding above might signal a potential reversal opportunity.

Market Psychology at Play

Fear and greed are doing their usual dance—just another day in crypto where 'long-term investment' often means 'I bought at the top and now I'm praying.' The $105,500 level isn't just a number; it's becoming the psychological battleground for Bitcoin's near-term fate.