Bitcoin's dream of $100,000 shattered? Bears take control of the situation, and the loss of support may trigger a deep decline!
Bitcoin's price faced another blow as it attempted to breach the $100,000 mark, with a fierce counterattack from bears, causing BTC to fall directly below the $96,500 support level, now hovering around the $95,000 area. Technical indicators show that the upward trend line has been broken, and the 100-hour moving average support has been lost, creating an increasingly pessimistic market atmosphere.
If it falls below $95,000, the bears' target may directly aim for $93,800, and it could even drop to the $92,500 area. Conversely, if it can break through the $97,750 resistance, Bitcoin still has hope to challenge the $99,000 or even the $100,000 mark again.
At this moment, Bitcoin stands at a crossroads - will it make a comeback to glory, or will it face a deep decline that tests faith? The market is ever-changing, and we can't afford to miss a moment. Follow Tang Ge, keep up with the market rhythm, and become a winner with insights ahead of the game!
