Is This the Start of a Deeper Crash?
WikiBit 2025-11-04 04:39
Bitcoin Price Suffers Another Major DropBitcoin is once again testing traders’ nerves. The leading cryptocurrency fell sharply from $116,000 to around
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 Level | Zone Description | Probability Impact |
|---|---|---|
| $106,000 | Minor horizontal support from June swing lows | ⚠️ High |
| $100,000 | Psychological round number and prior breakout level | ???? Very High |
| $92,800 | Historical confluence from February consolidation | ⚠️ Moderate |
| $75,000 | 2024 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.
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