In his chart analysis, Ali noted that BTC is currently testing the upper boundary of a long-standing price channel. A sustained move above $100,000 would confirm a breakout and signal further upside potential. However, failure to hold this level could lead to a deeper correction.
“If Bitcoin loses the $100,000 mark, the likelihood of a downswing increases significantly,” the analyst stated, pointing to a potential retracement toward the lower end of the channel at approximately $78,500.
Chart Signals Looming Risk
The accompanying chart displays a clear multi-month ascending pattern, with $100,000 serving as a critical mid-range support.
Bitcoin has been rejected twice from the $110,000 zone, suggesting strong resistance, while support appears to be firming around the $100,000 level.
Should that level break, the next significant support zone is far lower, creating a potential 20% downside risk.
Market at a Crossroads
The warning comes at a time when Bitcoin has seen elevated volatility amid geopolitical tensions, macroeconomic uncertainty, and mixed ETF inflows. Traders are closely monitoring whether institutional support can stabilize price action or if broader market fear will take over.
For now, all eyes are on the $100,000 level—a decisive zone that could determine Bitcoin’s short- to mid-term direction.
The post Bitcoin’s Critical Support Level: What Happens If Price Falls Below $100K? appeared first on Coindoo.