Bitcoin Price Analysis: BTC Risks Dumping Below $100K If This Final Support Cracks

Bitcoin’s price is on the verge of breaking below another key level, after failing to regain momentum following its all-time high a couple of weeks ￰0￱ are now worried that its price action might soon put an end to the entire crypto bull ￰1￱ Price: Technicals By Shayan The Daily Chart On the daily chart, the asset has been dropping gradually since hitting the $124K all-time high, with August potentially closing ￰2￱ is a worrying sign for investors, as the price is now breaking below the key $110K level, which could drag the price toward the $104K region and potentially even below $100K. The RSI is also stabilizing below 50, indicating the dominance of bearish ￰3￱ a result, further downside looks more probable at the moment, unless market dynamics change ￰4￱ 4-Hour Chart Dropping down to the 4-hour chart, things get a bit more ￰5￱ asset has been declining inside a steep descending channel over the past couple of weeks, breaking below major support ￰6￱ the $110K level breaking down, investors are looking at the key FVG located at $104K.

This level coincides with the lower bound of the Fibonacci golden zone, which reinforces its ￰7￱ the RSI also indicating clear bearish momentum, if the $104K zone is also lots, a lower low below $100K could be imminent, as well as a bearish trend for the coming ￰8￱ Analysis Exchange Netflow (30-day moving average) The chart shows that since April, exchange netflows have leaned more bearish than bullish, with the 30-day moving average consistently sitting in negative ￰9￱ means more Bitcoin has been leaving exchanges than entering, which often signals investor preference for holding rather than preparing to ￰10￱ overall trend aligns with a decline in available exchange reserves, suggesting a supply squeeze may be developing beneath the ￰11￱ the same time, while there have been isolated days of large inflows into exchanges, they have been countered by equally strong ￰12￱ balance reinforces the idea that short-term spikes in selling pressure have not been enough to reverse the broader accumulation ￰13￱ long as reserves continue to drop and coins move off exchanges, it indicates that long-term holders are still confident, and this underlying accumulation could provide support for price over the coming ￰14￱ is, of course, if it overwhelms the selling pressure from the futures market.