Bitcoin Price Analysis: Expectations for a drop to $100K Mount as Bulls Struggle to Regain Momentum

Bitcoin is once again struggling to find momentum after an aggressive drop a couple of weeks ￰0￱ current price behavior reflects hesitation from both bulls and bears, with traders closely watching to see whether BTC can hold its key support levels or if a deeper correction is ￰1￱ the macro structure still leans bullish, short-term technicals are starting to show ￰2￱ Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin is hovering around a crucial intersection of the ascending trendline of the large channel and the 200-day moving average near $108K. The 200-day moving average is holding as dynamic support, but price has dropped below the 100-day MA, located around $114K, signaling fading bullish ￰3￱ RSI remains weak around 40, and the series of lower highs since September’s all-time high confirms the short-term ￰4￱ this current support zone breaks decisively, sellers could drag the price down toward the $100K critical ￰5￱ the other hand, to shift sentiment, the price needs to reclaim $114K with strong follow-through.) From an on-chain perspective, the Short-Term Holder SOPR has dropped below 1, indicating that some recent buyers are realizing ￰6￱ typically signals a cautious market, as short-term holders are less likely to sell at a loss unless ￰7￱ recent SOPR peaks also show that profitability spikes have been consistently sold into, reflecting weak conviction during recent ￰8￱ SOPR can reclaim and hold above 1, short-term rallies may continue to be met with ￰9￱ reinforces the importance of spot support zones, as they are now key battlegrounds between patient buyers and uncertain holders.