Bitcoin Breakdown Ahead? Why the $100K Level Is Back on the Tabl

Technical Analysis of Bitcoin (BTC/USDT) – Daily Chart

1. Trendline (Key Resistance):
o A major ascending trendline (blue) that previously acted as a strong resistance has once again turned into dynamic resistance.
o After a failed breakout above this trendline, price slipped back below it — a clear sign of weakening bullish momentum.

2. Moving Average (MA50):
o The 50-day moving average is visible on the chart.
o Bitcoin is currently trading below this MA, which strengthens bearish pressure in the short term.

3. Market Structure:
o After topping around $131,700, BTC entered a corrective phase.
o Lower highs and lower lows are gradually forming, pointing to the emergence of a short-term downtrend.

4. Bearish Signals:
o Failed retest of the broken trendline.
o Price rejection near the MA50.
o A potential bearish divergence (if checked with RSI).
o The red arrow on the chart suggests further downside pressure.

5. Key Levels to Watch:
o Resistance Zone: $114,500 – $118,000 (trendline + MA50).
o First Support: $100,000 – $103,000.
o Second Support: $95,000 – $97,000.
o Critical Support: $90,000.

6. Possible Scenarios:
o If Bitcoin fails to reclaim and hold above $114,500 – $118,000, the path toward $100K and even $95K remains open.
o A decisive breakout and strong close above $118K would invalidate the bearish bias and could trigger another rally toward the $130K region.

Conclusion:
At this stage, Bitcoin is showing more bearish than bullish signals. The failed breakout above the trendline and rejection below the MA50 increase the probability of a deeper correction. Unless BTC regains strength above the $114.5K–$118K resistance, downside targets at $100K and $95K look more likely.