Bitcoin $100,000 Rejection Triggers Sell-Off – Key Support In Sight

Quick Summary:

Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Should the price drop below the crucial $93,257 support level, bearish momentum could accelerate, increasing the likelihood of a deeper correction.

As uncertainty looms, Bitcoin’s next move will be pivotal in shaping its short-term trend.  Bearish Pressure Mounts As Bitcoin Struggles To Hold Gains Bitcoin is currently experiencing strong bearish pressure, approaching the $93,257 level while trading below the 100-day Simple Moving Average (SMA).

Such a breakdown may trigger further selling pressure, pushing Bitcoin toward the next key support zone at $85,211.  However, if Bitcoin holds above the $93,257 support level, it could trigger a rebound toward the $100,000 mark.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: $100 Bitcoin Price Pressure Level Crypto Support Newsbtc Bearish News Levels

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 02:00:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 73 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 25988443

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

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News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

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