{"id":113010,"date":"2025-11-14T02:17:21","date_gmt":"2025-11-14T02:17:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=113010"},"modified":"2025-11-14T02:17:21","modified_gmt":"2025-11-14T02:17:21","slug":"bitcoin-drops-under-100k-as-risk-appetite-fades-in-crypto-markets","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=113010","title":{"rendered":"Bitcoin Drops Under $100K as Risk Appetite Fades in Crypto Markets"},"content":{"rendered":"

Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000.<\/em><\/p>\n

Bitcoin started a fresh decline below $102,000 and $100,000.
\nThe price is trading below $100,000 and the 100 hourly Simple moving average.
\nThere is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it settles below the $98,500 zone.<\/p>\n

Bitcoin Price Dips Sharply<\/h2>\n

Bitcoin price failed to stay in a positive zone above the $103,500 pivot level<\/a>. BTC bears remained active below $102,500 and pushed the price lower.<\/p>\n

The bears gained strength and were able to push the price below the $100,000 handle. A low was formed at $98,000 and the price is now consolidating losses near the 23.6% Fib retracement level of the recent decline from the $103,999 swing high to the $98,000 low.<\/p>\n

Bitcoin is now trading below $100,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $102,200 on the hourly chart of the BTC\/USD pair.<\/p>\n

If the bulls attempt another recovery wave<\/a>, the price could face resistance near the $100,500 level. The first key resistance is near the $101,000 level and the 50% Fib retracement level of the recent decline from the $103,999 swing high to the $98,000 low.<\/p>\n

<\/a><\/p>\n

The next resistance could be $102,200. A close above the $102,200 resistance might send the price further higher. In the stated case, the price could rise and test the $103,500 resistance. Any more gains might send the price toward the $104,200 level. The next barrier for the bulls could be $105,000 and $105,500.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $102,200 resistance zone, it could start another decline. Immediate support is near the $98,500 level. The first major support is near the $98,000 level.<\/p>\n

The next support is now near the $96,500 zone. Any more losses might send the price toward the $95,000 support in the near term. The main support sits at $92,500, below which BTC might accelerate lower in the near term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now gaining pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $98,500, followed by $98,000.<\/p>\n

Major Resistance Levels \u2013 $100,500 and $101,000.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price failed to recover above $104,000. BTC is down over 4% and there are chances of more downsides below $98,000. Bitcoin started a fresh decline below $102,000 and $100,000. The price is trading below $100,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $102,200 on […]<\/p>\n","protected":false},"author":0,"featured_media":113011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-113010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113010"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113010"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/113010\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/113011"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}