Will Bitcoin Price Drop Below $100K
-
Bitcoin faces critical resistance at $113.6K, as short-term holders look to sell.
-
Defending $111K–$112K support may help Bitcoin reclaim $114.5K and push much higher.
-
Dropping below $92K–$98K range could confirm bearish shift, repeating 2017 and 2021 cycles.
Crypto markets are bouncing back strongly this week, with total capitalization climbing close to $3.92 trillion after a sharp sell-off earlier. Bitcoin is leading the charge, jumping 2.19% to trade around $113,336, but analysts say this isn’t enough to confirm strength.
With September approaching, historically a bearish month for crypto, traders remain cautious.
Wondering what to expect next?
Bitcoin Selling Pressure Near $113.6K
Despite the bullish surge, Bitcoin is struggling around the key $115,000 support zone, which traders call a “make-or-break” level.
According to Glassnode, BTC faces resistance near $113,600, which is the average price paid by short-term holders over the last three months. Since many of these investors are still under pressure, they may sell at this level to break even.
This makes $113,600 a key barrier to watch, while $115,600, the one-month cost basis, adds another resistance point if momentum continues upward.
Three Possible Scenarios Ahead
On top of it, Analysts note that Bitcoin’s next move depends heavily on whether key support levels hold.
Dip Before Pump – If BTC slips, it could fall to $108K–$104K, flushing out overleveraged bulls. From there, a strong rebound might push it toward $130K, with the bull market support band (BSB) near $106K acting as the springboard.
Holding the Line – On the other hand, if BTC defends the $111K–$112K zone, it could quickly reclaim $114.5K and move higher, especially if rate cuts add momentum.
Worst-Case Bear Signal – The real danger lies in a deeper drop. Falling toward the 50-week SMA ($92K–$98K) would signal a bearish shift. Historically, slipping below this level has marked cycle tops, as seen in 2017 and 2021.
Bitcoin ETFs Show Declining Inflows
Adding more bearish pressure, Bitcoin ETFs have seen declining inflows, suggesting waning confidence among institutional investors. Over the past two weeks, nearly $1.5 billion flowed out, while inflows dropped to just $81.4 million as of August 27.
On the flip side, BlackRock boosted Ethereum ETFs with a $262.6 million investment on the same day, driving total inflows over $307 million and outpacing Bitcoin’s activity.
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.
You may also like
Institutions Reveal Changes in Oil Supply Pattern: US Sanctions Force Iran's Maritime Crude Exports to "Zero", Russian Exports Up 6% MoM
According to Vortexa data, Iran's seaborne crude oil exports have remained at zero since dropping in the second week of September and had not resumed as of October 5. The total amount of Iranian crude oil stranded on offshore tankers has decreased to about 83 million barrels, with around 43 million barrels trapped west of the Strait of Hormuz, making export difficult due to the US blockade. Excluding Iran, the crude oil flow in the Gulf region in September has recovered to over 81% of pre-war levels, mainly driven by the recovery of Saudi exports.
President of New York Federal Reserve, Williams: May raise interest rates once more within the year, no need for further tightening in 2027
John Williams, President of the Federal Reserve Bank of New York, said on Tuesday that he still considers it appropriate for the Federal Reserve to raise interest rates once more this year, but currently does not believe that the central bank needs to further increase rates in 2027.
Crypto prices
More
