The post Bitcoin (BTC) on Yearly Low, Shiba Inu (SHIB) Plummeting Aggravated, Solana (SOL) Far Too Close to $100 appeared on BitcoinEthereumNews.com.

Bitcoin has dropped to its lowest point since 2025, breaking below a significant sideways channel and suggesting that there may be more downward pressure. Bitcoin is currently trading at $88,835, having dropped by almost 3% over the last day and broken through the crucial $92,000 support level. For weeks, Bitcoin had been consolidating in a sideways channel with resistance close to $108,000 and strong support around $92,000.  The previous consolidation has been rendered invalid by the recent breakdown below this range, leaving the market vulnerable to additional declines. The next significant support levels for Bitcoin are $85,600 and $84,000, which traders are keeping a careful eye on to determine whether the price will level off or continue to decline.  BTC/USDT Chart by TradingView A significant test for bulls might be a further drop toward the 200-day moving average, which is presently trading at about $84,000. Should Bitcoin be unable to maintain this level, a more significant decline toward $80,000 might be possible. As we approach oversold conditions, the Relative Strength Index (RSI) has dropped to 30. Low RSI readings like these have historically preceded relief rallies, indicating that Bitcoin may experience a brief recovery.  Bearish momentum might continue unless Bitcoin quickly recovers the $92,000 mark. Bitcoin would need to regain its position above $93,978, which is in line with important moving averages, in order to see a bullish recovery. While Bitcoin navigates its lowest levels of the year, prudence is still advised until then. Many questions about SHIB At one point Shiba Inu’s profitability fell below 40%, leaving the majority of holders in a negative position. The asset is still under tremendous downward pressure. The price action of the meme coin has been mostly negative, leaving investors in a state of uncertainty as it has failed to regain important resistance…

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Filed under: News - @ February 26, 2025 8:23 am