Bitcoin News Today: Bitcoin Drops Under $100K, Sparking Discussion—Is This Surrender or a Trigger for Change?
- Bitcoin fell below $100,000, triggering market fear and shifting focus to critical support levels at $87,800 and $92,000. - Technical indicators show bearish bias, with sellers dominating despite potential 2026 rebound hopes from Bitwise's Matt Hougan. - Santiment predicts a November rally as weak hands capitulate, while broader crypto markets mirror Bitcoin's weakness near support levels. - Diverging analyst views highlight uncertainty, with oversold RSI and failed $100,000 retests deepening bearish sen
Bitcoin’s recent dip beneath the $100,000 psychological barrier has fueled debate over its short-term direction, with analysts and data providers split on whether the digital asset can recover that milestone before the year concludes. This decline has prompted investors to become more cautious, as
Falling below $100,000 has shifted attention to the next significant support at $87,800,
Despite the bleak short-term picture, some industry experts and analytics firms have identified possible triggers for a turnaround. Matt Hougan, chief investment officer at Bitwise, remarked that a strong surge into late 2025 followed by a correction would fit Bitcoin’s typical four-year cycle. Since this scenario hasn’t played out, expectations have now shifted to 2026, with Hougan
Crypto analytics company Santiment has adopted a more optimistic perspective, suggesting the market is nearing a "capitulation point" as negative sentiment intensifies. The firm indicated that a surprise rally in November could materialize if stronger investors absorb assets sold by weaker hands. “It’s not about if, but when this will happen again,” Santiment wrote in a recent X post
Technical signals also outline a potential route for Bitcoin to recover. The BTC/USDT pair now faces immediate resistance at $100,000, which has become a hurdle after the latest drop. Traders are on the lookout for evidence of a lasting bounce, but any upward movement is expected to meet resistance at this level.
The overall crypto market has echoed Bitcoin’s recent weakness, as leading altcoins such as
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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