Bitcoin has breached the critical psychological threshold of $100,000, indicating dominant bearish momentum in cryptocurrency markets. Technical analysis reveals the next significant support level for BTC lies at $87,800, a crucial zone that could determine near-term price direction. The downward movement reflects broader market sentiment affecting major digital assets including Ethereum, XRP, Binance Coin, Solana, Dogecoin, Cardano, Hyperliquid, Chainlink, and Bitcoin Cash. Market analysts observe that this correction follows an extended period of bullish activity, with traders now closely monitoring key support levels across these leading cryptocurrencies. The current market dynamics suggest increased volatility as institutional and retail investors reassess positions amid changing macroeconomic conditions. Technical indicators point to potential consolidation phases for several altcoins, though their individual trajectories remain closely tied to Bitcoin’s price action. Market participants are advised to monitor trading volumes and institutional flows for clearer directional signals in the coming sessions.
Market Analysis: Bitcoin Dips Below $100K as Major Cryptocurrencies Face Bearish Pressure
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