Bitcoin has confirmed a transition into bear market territory, with its current valuation reflecting a 20% decline from the all-time peak of $126,000. This downward movement aligns with critical on-chain metrics and technical analysis patterns that historically signal prolonged market corrections. Analysts are closely observing several pivotal price thresholds that could determine Bitcoin’s near-term trajectory. The $100,000 psychological barrier represents the first significant support level, while sustained trading below $95,000 may indicate further downside potential. Market participants are advised to monitor trading volume patterns and institutional flow data for confirmation of trend reversals. The current market structure suggests increased volatility ahead, with resistance forming around the $118,000-$120,000 range. This correction phase follows an extended period of bullish momentum and represents a typical market cycle adjustment. Traders should implement robust risk management strategies while the market establishes new support foundations.
