The post Bitcoin (BTC) $100K Bloodbath: Floor or Freefall? TA Breakdown appeared on BitcoinEthereumNews.com.

Bitcoin’s crazy downward spiral is just not letting up. Just under $99,000 was the price reached on Tuesday, and it may not be over yet. Will Bitcoin continue the plunge into the bear market, or is there still one more throw of the dice for the bulls even now? Extreme fear pervades the crypto market Source: Alternative.me Extreme fear is the overriding sentiment in the crypto market right now and it is no wonder. The $BTC price has lost 21.5% since the all-time high, and this was only one month ago! This equates to a $27,000 loss, and on top of that there may be even more to come. Can the fightback start here? Source: TradingView When looking at the 4-hour chart for $BTC it can be seen that a main component in the current drawdown is actually the downtrend line from the all-time high (faint dotted line). This line has held resistance and support all the way along its length so far. Currently it is holding resistance, and this will have to change, and soon, if the bulls are to start the fight to turn this reversal around. The absolute minimum target for the bulls here is to get back to the $106,500 horizontal resistance level.  $BTC has fallen into very strong support Source: TradingView The daily time frame illustrates that things may not be as bad as sentiment suggests. Rejigging the major ascending trendline still gives some room for the $BTC price to fall a bit further. In fact, if one draws Fibonacci levels from the middle retest of this trendline up to the all-time high it can be seen that either the 5.0 Fibonacci level will hold at $100,000, or the price could wick down to the 0.618 Fibonacci at $94,000 and could still return to get…

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Filed under: News - @ November 6, 2025 7:29 am