Bitcoin’s meteoric rise to $111,900 could face a significant correction, with multiple analysts warning of an impending price drop below the psychological $100,000 level. This analysis comes as retail demand shows concerning weakness despite BTC’s elevated price levels.
Technical Indicators Signal Potential Bitcoin Price Correction
Several prominent crypto analysts have identified bearish signals that could trigger a substantial price correction:
- RSI trending downward to neutral 50 level
- Bearish MACD crossover confirmed last week
- Key resistance at $106,406 proving difficult to overcome
- ETF outflows showing early warning signs
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Geopolitical Tensions Add to Bearish Pressure
The escalating Russia-Ukraine conflict has emerged as a significant factor that could drive investors toward traditional safe-haven assets like gold, potentially triggering a Bitcoin selloff. This geopolitical uncertainty, combined with technical weakness, suggests increased downside risk.
Price Targets and Support Levels
Key price levels to watch according to analysts:
- Primary support: $100,000 psychological level
- Secondary support: $96,765 (Stephan’s target)
- Critical resistance: $106,800
- Bullish scenario target: $135,000
Expert Price Predictions
Despite short-term bearish signals, several analysts maintain optimistic longer-term outlooks:
- Titan of Crypto: $135,000 target based on wedge breakout
- Mikybull Crypto: $120,000 magnetic level
- Peter Brandt: $150,000 by late summer 2025
FAQ Section
What could trigger a Bitcoin price crash below $100,000?
Technical factors including bearish MACD crossover, weakening RSI, and geopolitical tensions could combine to trigger a significant correction.
What are the key support levels to watch?
The primary support sits at $100,000, with secondary support at $96,765. A break below these levels could accelerate selling pressure.
Could Bitcoin still reach new highs in 2025?
Despite short-term bearish signals, analysts maintain targets between $120,000 and $150,000 for late 2025, suggesting the current correction could present buying opportunities.
At time of writing, Bitcoin trades at $105,400, with immediate focus on the critical $106,800 resistance level that could determine near-term price direction.