Bitcoin has once more reached six-figure territory, trading near $100,000 amid technical signals and investor caution. Recent data suggest the coin may be entering a bottoming phase rather than embarking on another bull run; something crypto investors must remain wary of. Bitget +4 = $ 100.00 USDXT + 4 USDCX = $849
Reaching $100K threshold
Based on live market data, Bitcoin (ticker: BTC) is currently trading around $102,232 with intraday lows approaching $99,300.
Today’s Bitcoin (BTC) prices were $102,232.00 plus one percent (+1.00%) as of today (October 26, 2018 ). Today is Day 5, Day 6 of an 11 day cycle; 6M of which 3 were months while one Year would take 5 Years before reaching MAX value of 25YTD
Recent commentary indicates that Bitcoin has been fluctuating around the $100K threshold, sometimes dropping below it and recovering above. [XT + 2]
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The $100K mark remains both psychologically and technically significant; any sustained dip below it could signal a dramatic change in market structure; on the other hand, holding on might signal consolidation or accumulation. MEXC Blog Are We In A Bottoming Phase?
Multiple indicators suggest that Bitcoin may not yet be ready for an upswing; rather it has entered a phase of base building or “bottoming out.” Below are key observations:
CryptoQuant, an analytical platform, reported that BTC recently fell below its 365-day moving average (around $102K), signaling a technical warning sign. When combined with data such as MVRV ratios that have recently approached levels associated with local bottoms (such as on TradingView or CryptoRank) this may signal further trouble ahead.
Volatility compression has taken hold: narrower Bollinger Bands and declining momentum indicate the market may have come to a halt. FastBull Some analysts warn that should support for $100K fall through, Bitcoin could revert back down towards $95,000 or even $90,000. And these predictions seem prescient as prices could revisit lower price ranges of $95,000 or $90,000. BUtget
Simply stated, this setup resembles more of a marathon pause than an upward sprint – an interval when market participants must decide whether to defend current levels or give in to further decline before beginning another upward move.
What market drivers are pertinent?
A number of obstacles threaten to derail efforts to meet the crucial $100K floor, including:
Recently, long-position liquidations and sizable outflows from Bitcoin spot ETFs have caused significant volatility and volume declines, as risk-off sentiment spread from equity markets and macroeconomic uncertainty (such as interest rates, inflation or regulatory concerns) into crypto. FXEmpire reported:
mes Investing.com posted similar numbers.
Institutional price targets have been updated: for instance, Galaxy Digital revised down its 2025 year-end forecast of Bitcoin to around $120,000K.
Bitget
However, some bulls point to signs of strength: long-term holders remain committed, ETF infrastructure continues to expand, and Bitcoin’s role as a scarce digital asset remains emphasised by some strategists.
CoinDCX
What lies ahead for Bitcoin? Key levels to watch include:
Support: The $100K region remains crucial, as a weekly close decisively below it could open the door to deeper correction. MEXC Blog Resistance: Any recovery towards $108K would indicate potential for regaining momentum.
Volume and Flows: For the bottoming phase to transform into a rally, rising volumes, renewed spot ETF inflows and decreased liquidations rates are likely necessary.
As to whether Bitcoin will continue its recent surge or undergo further correction is still unclear. Participants in the next few weeks should observe whether $100K support holds, whether sentiment starts to improve and if accumulation resumes with enthusiasm.
At present, it appears as though the market has taken a breather – signalling both opportunity and risk for investors.
