Bitcoin continues to show bearish signals despite trading above $100,000, with multiple analysts warning of an impending correction. The leading cryptocurrency, which recently touched all-time highs of $111,900, is now facing significant technical resistance that could trigger a substantial pullback.
Critical Technical Levels Signal Bearish Momentum
Crypto analyst Anup Ziddi has identified $107,000 as a crucial resistance level that Bitcoin must overcome to maintain its bullish trajectory. The failure to breach this threshold has created a concerning technical setup, particularly when combined with recent geopolitical tensions following unsuccessful Trump-China negotiations.
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Key Price Targets to Watch
The analysis points to several critical support levels:
- First support: $103,500 (already tested)
- Secondary support: $102,500
- Major support: $100,000
Market Structure Analysis
A second analyst has highlighted concerning patterns in market structure, including:
- Liquidity sweeps indicating potential manipulation
- Fair value gaps between $105,600 and $106,000
- Failed breakout above previous all-time highs
FAQ Section
Why is Bitcoin showing bearish signals above $100,000?
Technical resistance at $107,000, combined with geopolitical tensions and market structure issues, suggests potential downside pressure despite the high price level.
What are the key support levels to watch?
Traders should monitor $103,500, $102,500, and the psychological $100,000 level as crucial support zones.
Could this lead to a broader market correction?
While focused on Bitcoin, analysts suggest this could impact the broader crypto market, particularly affecting altcoin valuations.
Investors should maintain careful position management and watch these key levels for potential entry or exit opportunities. The coming weeks will be crucial in determining whether Bitcoin can defend these support levels or if we’ll see a deeper correction toward $100,000.