Bitcoin Dips Below $100,000 Support, Pulling Major Altcoins Lower Amid Potential Relief Rally
The post Bitcoin Dips Below $100,000 Support, Pulling Major Altcoins Lower Amid Potential Relief Rally appeared on BitcoinEthereumNews.com.
Bitcoin’s recent drop below the critical $100,000 support level has triggered a broader sell-off across major cryptocurrencies including ETH, XRP, SOL, and HYPE, signaling increased market volatility. This downturn reflects heightened risk aversion among traders amid geopolitical tensions and technical bearish signals across multiple crypto assets. According to COINOTAG, Real Vision CEO Raoul Pal remains optimistic, comparing the current cycle to 2017 and projecting a bullish outlook extending into Q2 2026. Bitcoin’s fall below $100K drags major altcoins down; market faces critical support tests amid geopolitical tensions and technical bearish patterns. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin Faces Critical Support Test Below $100,000 Amid Bearish Technical Indicators Bitcoin’s recent breach of the $100,000 support level marks a significant technical setback, with the 50-day simple moving average now acting as resistance. The bearish crossover of moving averages and a declining relative strength index (RSI) underscore the prevailing downward momentum. Sustained trading below $100,000 could accelerate selling pressure, potentially driving prices toward the $93,000 mark. Market participants should closely monitor the 20-day exponential moving average ($104,616) as a key threshold; a decisive break above this level is necessary to signal a potential reversal and restore bullish sentiment. Short-Term Relief Rally Potential Amid Descending Triangle Breakdown The completion of a bearish descending triangle pattern on the BTC/USDT 4-hour chart suggests a downside target near $89,420. However, short-term relief rallies…
Filed under: News - @ June 22, 2025 9:15 pm