Bitcoin Price Analysis: $100K Breakdown Looms for BTC if This Support Fails

Key Points

1. BTC broke below the $114K support level amid fears over the Russia-US nuclear conflict, now approaching a major support zone between $111K and $112K.

2. A breakdown from a bullish flag pattern led to a steep decline, with the 0.618 Fibonacci retracement level acting as a potential support.

3. Exchange Netflow data shows 16,417 BTC flowed into exchanges, the highest daily inflow since mid-July, indicating increased selling pressure.

4. The Exchange Whale Ratio surged above 0.70, suggesting significant whale activity, which historically precedes further downside risk if sustained.

5. Short-term consolidation is expected, but persistent bearish momentum could trigger another sell-off targeting levels below $111K–$112K.