The bears are back in town, and BTC has dropped below $100,000 for the second time this week as the overall market sentiment remains highly 0 has prompted even some of the most optimistic analysts to change their tune on bitcoin, including Merlijn The Trader, who outlined a crucial warning sign that has led to numerous rejections in the past or even the start of a subsequent bear market. IT’S OVER FOR 1 YOU ALL IN 4 2 3 4 cycle looks unstoppable… until this line kills the 5 isn’t a breakdown 6 history says: respect the 7 this, or break 8 9 — Merlijn The Trader (@MerlijnTrader) November 7, 2025 His warning comes as BTC was stopped at just over $104,000 on Wednesday and pushed south to $100,500 10 asset managed to remain within a six-digit price territory on Thursday, but it gave in minutes ago and dipped to $99,700 (on Bitstamp).
This is the second such decline below the coveted $100,000 line this week after the Tuesday crash that pushed it to a five-month low of $99,000. Altcoin Sherpa weighed in on the matter as well, suggesting that if the $100,000 support fails to hold, the cryptocurrency could probably go to the low $90ks minimium.” Naturally, the altcoins have followed suit with notable price 11 is down by over 5% in the past day and is close to breaking below $3,200 once 12 has plunged beneath the $2.20 support after a similar daily drop. SOL, WBT, and HYPE have experienced identical 13 volatile price moves have harmed over-leveraged traders once 14 than 220,000 such market participants have been wrecked in the past day, with the total value of liquidations rising to almost $700 15 single-largest took place on Hyperliquid and was worth over $15 16 Data on CoinGlass
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