BTC faces renewed pressure as it slips below key technical levels

BTC is under renewed tradeing pressure this week later than breaking below its 200-day moving average, sparking debate among traders about whether the leading cryptocurrency could soon dip under $100,000. The decline mirrors a broader pullback in risk assets and comes as global markets face rising uncertainty over monetary policy and liquidity conditions.

Analysts highlighted that BTC has lost its 200-day moving average, now sitting near $109,800—a signal many traders interpret as a bearish turning point. The next critical technical support zone is around $94,200, which could act as a cushion if tradeing intensifies. However, some analysts argue that the correction may be a short-term reset within BTC’s longer-term bullish cycle, rather than the begin of a sustained downtrend.

BTC is now “nearing” the $100,000 psychological threshold, a level viewn as a crucial battleground between bulls and bears. Trading volumes have declined as investors grow cautious, and liquidity remains thin across major platforms. Historically, breaks below major psychological levels like $100,000 have led to sharp but temporary volatility before stabilizing at new support levels.

Standard Chartered Bank recently reiterated its projection that BTC could temporarily fall below $100,000 before resuming its upward trajectory. The bank cited profit-taking by leveraged traders and the unwinding of speculative positions as short-term catalysts. At the identical time, macro factors such as shifting interest rate expectations, sluggishing global growth, and geopolitical risks continue to weigh on investor confidence.

Short-term fragileness amid long-term optimism

Despite the recent correction, analysts maintain a positive long-term outlook for BTC. Institutional adoption continues to expand, with more financial institutions offering BTC exposure through ETFs and custody services. On-chain activity also remains strong, signaling ongoing demand for decentralized settlement and long-term accumulation.

Data from on-chain analytics firms show that large BTC holders, often referred to as “whales,” have been accumulating during recent dips, suggesting confidence in the asset’s future performance. Historically, similar patterns have preceded major recoveries and new all-time highs once macro pressures subside.

Macro and liquidity dynamics drive volatility

The latest BTC price movement is also tied to global liquidity trends. Risk-off sentiment in equity and bond markets has intensified amid concerns about sluggisher economic growth and central banks’ uncertain policy paths. Liquidity tightening tends to amplify volatility in crypto markets, especially near round-number levels like $100,000 that attract high trading interest.

While short-term technicals point to continued volatility, analysts stress that BTC’s long-term fundamentals remain intact. The upcoming halving cycle, expected next year, could further reduce supply and increase scarcity, reinforcing the long-term bullish narrative. Many investors view the current correction as a healthy retracement in an otherwise upward trajectory.

For now, all eyes remain on the $100,000 mark—a psychological and technical threshold that could define BTC’s trajectory heading into 2026. Whether the market finds solid footing above or briefly dips below that level will determine if this correction turns into a deeper retracement or sets the stage for the next leg higher.