BTC touched $100,000! Will BTC Dip Below $100K?
Let’s do some basic analysis and find out.
Based on the 1D timeframe technical indicators and recent price action around the $100,000–$105,333 range, here’s a short-term outlook:
Key Observations
1. Price Action
BTC hit a low just above $100,000, and bounced strongly, suggesting psychological support at that level.Current price is $104,570 (+3.62%), indicating some bullish recovery.
2. MACD
MACD line (DIF) is below the signal line (DEA) and negative:DIF: 803.32DEA: 1,744.16MACD histogram: -940.83
This shows bearish momentum, but the histogram is starting to flatten, which could indicate weakening bearish pressure.
3. RSI (Relative Strength Index)
RSI(7): 47.04RSI(12): 49.81RSI(24): 54.82
Neutral zone - price is not overbought or oversold, but close to mid-range, suggesting indecision. RSI(24) being higher hints at slight longer-term bullish bias.
4. Stochastic RSI
STOCHRSI: 13.08MASTOCHRSI: 9.64
Deep in the oversold zone (<20) possible reversal signal if it starts to turn up.
5. Williams %R
Wm %R: -59.42
In the middle range, not giving a strong buy/sell signal on its own, but not oversold.
6. KDJ Indicator
K: 31.55, D: 29.74, J: 35.17
Slight bullish crossover between K and D lines, which can sometimes precede an upward move.
7. OBV (On-Balance Volume)
OBV is still negative and trending down, indicating low conviction from volume side despite price bounce.
Short-Term Outlook
Bullish Signals:
Bounce off $100K is strong; psychological support held.STOCHRSI and KDJ indicate possible short-term bottom formation.RSI values near mid-levels, with some positive divergence potential.
Bearish Risks
MACD still in bearish territory.OBV isn’t showing strong accumulation (maybe due to weekend)No breakout volume yet.
The real Question? Will BTC Dip Below $100K?
Unlikely in the immediate short term (next few days) unless:Macro news drives strong sell-off (e.g., rate hike, ETF dump, etc.).$104K–$105K area becomes a strong rejection zone again.
If $BTC fails to reclaim and hold above $105,333, then
$100,000 may be retested.If broken with volume, next supports would be around $97,000–$98,000.Summary:Bias: Cautiously bullish short term (1–3 days) due to oversold signals and bounce.Key Support: $100,000Key Resistance: $105,333+Invalidation: Break and close below $100K with high volume = bearish continuation.I feel we may not see BTC falling under $100K soon, But everything is possible in this market
