Crypto NewsBitcoinAnalysts Point to Critical Level in Bitcoin! Below This Level Gives Strength...

Analysts Point to Critical Level in Bitcoin! Below This Level Gives Strength to Bears! Here Are the Details

Bitcoin (BTC) has dropped nearly 10% from its all-time high of $109,000 to below $98,000.

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Bitcoin’s (BTC) historic bull run is being tested as the leading cryptocurrency has dropped below $98,000, a drop of nearly 10% from its all-time high of $109,000.

Van Straten Says Bitcoin's Bull Run Will Face Major Test If BTC Drops Below $91K

Analysts warn that any further declines below $91,000 could put significant pressure on the rally.

The latest pullback has been attributed to concerns over China's DeepSeek AI, whose hyper-efficient AI model is seen as a major challenge to the US's tech dominance.

That, along with a broader sell-off in U.S. markets, contributed to heightened risk aversion. Nasdaq futures fell 4%, signaling a broader correction in stocks.

On the other hand, Bitcoin’s bull run has suffered multiple 15% corrections since Donald Trump won the US elections.

BTC has experienced double-digit declines several times since its rise from $66,000 to $109,000, making the current decline appear consistent with previous market behavior.

A key support level to watch is the short-term owner cost floor, currently at $91,000.

This metric, which tracks the average on-chain cost of coins moved over the last 155 days, has historically served as a floor in bullish markets.

However, the bearish sentiment is growing. The negative Bitcoin funding rate is suggesting that traders are betting on further downside. Meanwhile, BitMEX co-founder Arthur Hayes predicted a correction to $70,000-$75,000 before BTC eventually climbs to $250,000.

With both crypto and equity markets under pressure, investors are closely watching whether Bitcoin can hold above $91,000 or if a deeper correction is on the horizon.

*This is not investment advice.

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Buradaki Yorumlardan Bildirim Al
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