Bitcoin Price Below 100K: Is This the Start of a Deeper Crash?

Bitcoin drops to 107K after losing key support. Analysts warn that breaching 107K could trigger a slide toward 100K or even lower.

Rudy Fares

Rudy Fares

bitcoin below 100k

Bitcoin Price Suffers Another Major Drop

Bitcoin is once again testing traders’ nerves. The leading cryptocurrency fell sharply from $116,000 to around $107,300, marking a significant 3% decline within 24 hours. This sell-off follows a series of lower highs since mid-October, reinforcing concerns that Bitcoin’s bullish momentum may be losing steam.

The daily chart shows Bitcoin struggling to stay above the 200-day moving average (SMA), currently sitting near $109,800. This key line has served as a dynamic support throughout 2025, and a decisive break below it could accelerate bearish sentiment.

Bitcoin Price Analysis: Key Levels to Watch

The $BTC/USD daily chart paints a clear picture of fragility. After multiple failed attempts to reclaim $111,000–$112,000, sellers have regained control. Momentum indicators are also turning bearish:

  • RSI (Relative Strength Index) sits near 40, signaling fading buying pressure.
  • MACD lines remain below zero, hinting that momentum could continue to tilt downward.
  • The 50-day MA is trending below the 200-day SMA, a potential bearish crossover formation in progress.

BTCUSD_2025-11-03_21-48-42.png

BTC/USD 1-day chart - TradingView

If $Bitcoin closes decisively below $107,000, a critical psychological threshold, a cascade of stop-loss orders could trigger further downside.

Short-Term Bitcoin Prediction If Bitcoin Breaks Below 107K

If the 107K support gives way, the next key zones to watch are:

Support LevelZone DescriptionProbability Impact
$106,000Minor horizontal support from June swing lows⚠️ High
$100,000Psychological round number and prior breakout level🔥 Very High
$92,800Historical confluence from February consolidation⚠️ Moderate
$75,0002024 support floor and long-term bullish defense line🧊 Low (unless panic selling)

A drop toward $100K would confirm a medium-term correction phase, wiping out nearly all gains made during the summer rally. A breach below $92,800 could then open the door for a deeper capitulation toward $75K, where Bitcoin last found strong buying interest in early 2024.

Bullish Bitcoin Prediction: Can Bitcoin Recover from Here?

For bulls, hope isn’t entirely lost. Bitcoin remains inside a long-term ascending channel and is still above last year’s average range. To invalidate the bearish outlook, BTC must reclaim $111,000, followed by a daily close above $116,000 to reestablish higher highs.

Until then, the market remains vulnerable. The technical structure suggests traders should monitor the $107K–$100K zone closely, as any breakdown could trigger volatility across the broader crypto market.

Rudy Fares
Article By

Rudy Fares

Equity Trader, Financial Consultant, Musician and Blockchain Aficionado. I spend my time doing Technical and Fundamental Analyses for Stocks, Currencies, Commodities and Cryptocurrencies.

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

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