A prominent crypto strategist warns that Bitcoin (BTC) must maintain its price above the $100,000 threshold to preserve its current breakout momentum within the established trading channel. Failure to hold this critical support level could trigger a significant corrective phase for the leading cryptocurrency.
According to the analysis, a drop below $100,000 may propel Bitcoin toward the next major support zone near $78,500. This scenario would indicate weakening bullish sentiment and potentially disrupt the asset’s recent upward trajectory.
The assessment underscores the heightened importance of technical support levels in determining Bitcoin’s short-term price movements. Market participants are closely monitoring these key thresholds as indicators of both directional bias and overall market sentiment amid current volatility.