At the time of writing, Bitcoin trades at $101,274, hovering just above the $100,000 psychological support. A breach below this level could trigger panic among retail traders.
If ETF outflows and bearish sentiment persist, Bitcoin could fall below $100,000 and test the $98,000 support. This decline could extend further, sending the crypto king towards $95,000 or lower.
However, should low prices attract fresh capital inflows, BTC may rebound toward $105,000 and aim for $110,000. Reclaiming this resistance would signal renewed market strength and invalidate the prevailing bearish outlook.
If ETF outflows and bearish sentiment persist, Bitcoin could fall below $100,000 and test the $98,000 support. This decline could extend further, sending the crypto king towards $95,000 or lower.
However, should low prices attract fresh capital inflows, BTC may rebound toward $105,000 and aim for $110,000. Reclaiming this resistance would signal renewed market strength and invalidate the prevailing bearish outlook.
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Leader in crypto news, award winning journalism in 26 languages.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.