🚨 War Tensions Erupt — Bitcoin Tanks Below Key Levels!
Bitcoin ($BTC ) has plunged sharply amid rising geopolitical tensions, dropping below the critical $103,000 level and struggling to regain momentum. As of now, BTC is consolidating beneath $102,500 and its 100-hour Simple Moving Average (SMA), hinting at sustained bearish pressure.
The latest downtrend was sparked after BTC failed to hold support above $105,500, triggering a rapid decline through $104,200, $103,000, and finally touching a low of $98,250. A minor rebound lifted the price above the 23.6% Fibonacci retracement level of the recent swing from $106,470 to $98,277, but buyers are finding it difficult to overcome resistance near $101,250.
The hourly BTC/USD chart highlights a downward trend line, with key resistance forming at $101,250. If bulls manage to reclaim $102,500—the 50% Fib retracement zone—Bitcoin could retest the $103,500 and possibly the $105,000 resistance levels. A close above $103,500 could trigger further gains toward $106,200.
However, the risk of another drop looms if BTC fails to climb above $102,000. Immediate support lies at $100,150, followed by a critical zone around $98,500. If the selloff intensifies, Bitcoin could revisit $96,500 or even dip toward $95,500. Below $95,000, the market may enter a high-stress phase, as strong buyer support has historically emerged near this level.
Technical indicators remain bearish:
The Hourly MACD is gaining pace in the negative zone.
The Hourly RSI is well below the neutral 50 level, showing weak momentum.
Key levels to watch:
Support: $100,150, $98,500, $95,500
Resistance: $101,250, $102,500, $103,500
Bitcoin’s fate now hinges on macro triggers and its ability to hold the $100K psychological level. Stay alert — volatility is far from over.