BTC Breaches Key Support: Is $97K Next?
As I Said two days back Bitcoin just lost the critical $102K support on the 4H chart — a major warning sign for bulls. Let’s break it down:
1. Breakdown Confirmed
⚠️ BTC fell below the mid Bollinger Band ($103.4K) and breached the $102K zone, which previously acted as a strong support.
This confirms a structure break, increasingthe probability of further downside.
2. Support Zones Ahead
🔻 Immediate support is now at the lower Bollinger Band ($101,658)
If this fails, the next key zones are:
$100.6K (24h low)
$97.7K (previous breakout level)
Break below $100.6K = high probability flush toward $97K.
3. Volume + Candles = Bearish
📉 Strong selling volume and back-to-back red candles show momentum has shifted. No signs of dip buying yet — sentiment looks weak.
4. MA Reversal Setup
🔄 The 5 and 10 MAs are rolling over. If they cross bearishly and price remains under the mid-band, trend bias flips short.
Conclusion
🚨 BTC has lost a key level. Unless bulls step in soon and reclaim $103K, the path of least resistance is down.
Next stop? Eyes on $97K.
What’s your plan? Watching for a bounce or ready to short the breakdown?