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Bitcoin Price Prediction: Support Level is Starting to Crack – Is the Market Bracing for a Flash Crash to $100K?

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Bitcoin is buying and selling at $110,360, down over 1.15% within the final 24 hours as merchants eye the $112,000 help zone. With a stay market cap of $2.19 trillion and practically 19.9 million BTC in circulation, Bitcoin remains to be the most important cryptocurrency, however the short-term image is bearish.

Analysts say Bitcoin is “hanging by a thread” as worth touches the decrease finish of the help channel. A break beneath $112,000 may result in greater declines, with the $108,695–$110,000 zone being the final line of protection earlier than deeper ranges come into play.

The broader backdrop reveals institutional demand nonetheless intact, however shorter-term merchants are weighing whether or not Bitcoin’s summer time rally has run its course.

Bitcoin Technical Outlook: Is a Flash Crash Forward?

On the technical analysis entrance, Bitcoin stays trapped in a descending channel after failing to carry above $124,450 earlier this month. The pullback has carved out a sequence of decrease highs, with the value now consolidating round $110,100.

Key technical ranges embody:

  • 50-day SMA ($116,553): Now appearing as overhead resistance.
  • Pivot at $112,000: Confluence of former trendline and help.
  • Assist zone $108,695–$110,000: Essential flooring earlier than deeper pullbacks.
  • Draw back dangers: $105,150 and $101,550 if present help fails.

Momentum indicators are cautionary. RSI is 38, Bitcoin is oversold however no bullish divergence. MACD is unfavourable, stress is down. Latest candles are indecision, lengthy wicks on either side as patrons and sellers combat for management.

If help holds, Bitcoin may bounce to $116,850, the place the channel resistance meets the 50-day SMA. A confirmed break above that may open up $120,900 after which the August excessive at $124,450.

Conversely, a decisive drop beneath $108,695 would validate bearish fears and doubtlessly speed up a decline towards $100,000, a degree that would set off panic promoting but in addition appeal to institutional accumulation.

Bitcoin Value Prediction: Path Towards $130K or $100K?

It’s a binary setup: both Bitcoin holds above help and builds a base or a flash crash sends worth into six figures. If bulls can get again above $116,850 the construction is for a climb again to $124K-$130K and momentum.

However a sustained break beneath $108,500 would put $105K and $101K in sight, and in the end open the door for a check of the psychological $100,000 degree.

With institutional demand nonetheless an anchor, a dip might show momentary. But when help continues to crack, the market may witness the sharpest correction for the reason that June rally.

In my opinion, Bitcoin’s present consolidation is much less about collapse and extra about setting the stage for its subsequent advance. Whether or not the rebound begins at $110K or after a flush towards $100K, the longer-term path to new highs stays firmly in play.

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