The post Expect New Lows if Bitcoin Remains Under $106,000: Analyst ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Bitcoin is currently trading sideways around the major $100,000 support level at press time, and one popular analyst believes it can shed further value without a strong candle above the $106,000 support-turned-resistance. The bears are currently running rampant in the spot market, apart from some disjointed price rallies in a few altcoins, and all eyes are currently fixed on BTC’s $100,000 price level. The analyst in question, Ted Pillows, has over 240,000 followers on X (formerly Twitter) and describes himself as a survivor of two Bitcoin 4-year cycles. Now, the entire crypto cycle and supercycle theories are under scrutiny, and it remains to be seen whether they are still relevant, as this is the first time the market has been so volatile and unpredictable for the bulls. Ted tweeted: “$BTC is holding above the $100,000 level for now. The Coinbase Bitcoin premium is still deeply negative, which shows a lack of demand. Advertisement

&nbsp Until BTC closes a strong daily candle above the $106,000 level, expect new lows.” He followed this tweet with this insightful graph: Image Source: X The influencer’s tweet suggests that if the current situation persists, the premier cryptocurrency may fall below the key $100k support level and rebound off the $93k support level. However, there is also a chance that it will continue to languish between the $100k-$106k price range for the time being. Only a strong bullish candle above the $106k resistance level can make its mark on the proceedings and attempt to change the current short-term bearish outlook of the market. That bit is quite clear based on the current understanding of the price analysis.  One X follower replied to his thread: “markets looks to be very low on liquid right now due to the government shutdown. If Bitcoin…

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Filed under: News - @ November 9, 2025 4:25 pm