The collapse of Bitcoin prices has been driven by impending war events as Iran and Israel continue to confront each other directly. Naturally, the financial markets have reacted negatively to this news, and the crypto market is no exception. Interestingly, the price of Bitcoin has remained above the psychological level of $100,000 for the longest time. However, it is only a matter of time before it loses this support and continues to collapse, especially as this digital asset seems to have only strong support in the 5-digit range.
Analysts say that the price of Bitcoin is heading towards a level below 90,000 dollars.
In a post on TradingView, crypto analyst Master Ananda revealed major bearish patterns for Bitcoin's price. With the support level of 100,000 dollars having been maintained until last week, this indicates that there is still some buying activity in the crypto market. However, the chart does not show enough strength to hold this level.
Since the market has been rocked by more than $1 billion in liquidations over the past week, it has shifted some weakness to the BTC price, causing the bears to once again take control. Pointing out this, Master Ananda explained that the weekly chart, in particular, does not show any good signs.
The current price movement of Bitcoin seems to be just a continuation of the downward trend that began after reaching a peak of $111,900 on May 19, 2025. Since then, the decline has been continuous, and cryptocurrency analysts say the market is currently "very bad."
With this collapse, the main support level for Bitcoin is no longer above $100,000 but lower by 10%. Since the price has previously dropped below $100,000, the first support level that the market might see will be at $88,888. If this level cannot be maintained, the price will drop another 5% to $82,500 before the buyers can fight back.
What happens if BTC maintains above 100,000 dollars?
Although the downward trend is currently dominant, there is still a possibility that the price of Bitcoin could maintain above 100,000 dollars and hold steady there. In this case, the upward trend may continue. The crypto analyst highlighted this in another post, forecasting a very strong bullish move if this happens.
In the event of a recovery, Bitcoin could test the trend line just above $108,000. And regarding the timing of all this, the crypto analyst believes that the entire event will not take more than two weeks to actually unfold and choose a direction. "Don't be afraid if the market shakes, Bitcoin will rise; the crypto market will grow, regardless of what the short term is," the analyst said in conclusion.
What happens if BTC maintains above 100,000 dollars?
Although the downtrend is currently predominant, there is still a possibility that the price of Bitcoin could maintain above $100,000 and hold steady there. In this case, the bullish trend may continue. The crypto analyst highlighted this in another post, forecasting a very strong upward movement if this occurs.
In the case of recovery, Bitcoin could test the trend line above at around $108,000. And regarding the timing of all this, the crypto analyst believes that the entire event will not take more than two weeks to actually unfold and choose a direction. "Don't be afraid if the market shakes, Bitcoin will rise; Crypto will grow, no matter what the short term is," the analyst said in conclusion.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bitcoin on the Brink: Losing the 100,000 USD Mark Amid War Pressure, Will It Recover?
The collapse of Bitcoin prices has been driven by impending war events as Iran and Israel continue to confront each other directly. Naturally, the financial markets have reacted negatively to this news, and the crypto market is no exception. Interestingly, the price of Bitcoin has remained above the psychological level of $100,000 for the longest time. However, it is only a matter of time before it loses this support and continues to collapse, especially as this digital asset seems to have only strong support in the 5-digit range. Analysts say that the price of Bitcoin is heading towards a level below 90,000 dollars. In a post on TradingView, crypto analyst Master Ananda revealed major bearish patterns for Bitcoin's price. With the support level of 100,000 dollars having been maintained until last week, this indicates that there is still some buying activity in the crypto market. However, the chart does not show enough strength to hold this level. Since the market has been rocked by more than $1 billion in liquidations over the past week, it has shifted some weakness to the BTC price, causing the bears to once again take control. Pointing out this, Master Ananda explained that the weekly chart, in particular, does not show any good signs. The current price movement of Bitcoin seems to be just a continuation of the downward trend that began after reaching a peak of $111,900 on May 19, 2025. Since then, the decline has been continuous, and cryptocurrency analysts say the market is currently "very bad." With this collapse, the main support level for Bitcoin is no longer above $100,000 but lower by 10%. Since the price has previously dropped below $100,000, the first support level that the market might see will be at $88,888. If this level cannot be maintained, the price will drop another 5% to $82,500 before the buyers can fight back.
What happens if BTC maintains above 100,000 dollars? Although the downward trend is currently dominant, there is still a possibility that the price of Bitcoin could maintain above 100,000 dollars and hold steady there. In this case, the upward trend may continue. The crypto analyst highlighted this in another post, forecasting a very strong bullish move if this happens. In the event of a recovery, Bitcoin could test the trend line just above $108,000. And regarding the timing of all this, the crypto analyst believes that the entire event will not take more than two weeks to actually unfold and choose a direction. "Don't be afraid if the market shakes, Bitcoin will rise; the crypto market will grow, regardless of what the short term is," the analyst said in conclusion. What happens if BTC maintains above 100,000 dollars? Although the downtrend is currently predominant, there is still a possibility that the price of Bitcoin could maintain above $100,000 and hold steady there. In this case, the bullish trend may continue. The crypto analyst highlighted this in another post, forecasting a very strong upward movement if this occurs. In the case of recovery, Bitcoin could test the trend line above at around $108,000. And regarding the timing of all this, the crypto analyst believes that the entire event will not take more than two weeks to actually unfold and choose a direction. "Don't be afraid if the market shakes, Bitcoin will rise; Crypto will grow, no matter what the short term is," the analyst said in conclusion.