Bitcoin faces critical support at $100K, with $96K as the next target if breakdown occurs.
Skew and Altcoin Sherpa highlight weak weekend liquidity and a low-volume gap below current levels.
RSI at 39.5 reflects declining momentum and potential for further downside.
Bitcoin entered the weekend under selling pressure, testing major technical levels amid declining momentum and thin weekend liquidity.
Analyst Altcoin Sherpa highlighted the $100,000 level as a critical support zone. He warned that a breakdown below this area could trigger a sharp decline.
The chart shows Bitcoin forming a potential distribution pattern near the top, with repeated retests of the $100,000 support. Altcoin Sherpa stated that if this level breaks, the next key area to watch is $96,000. He noted that this level aligns with the point of control (PoC) from November 2024 and the 200-day exponential moving average (EMA), adding to its significance as a possible bounce zone.
Volume data also shows dense activity between $95,000 and $100,000, indicating strong previous interest. A break below $100,000 could trigger a sh…
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