📊 Bitcoin Bears Slow Down — Key Support Zone Could Mark the Turning Point

After falling below $115,000 over the weekend, Bitcoin has hit a crucial threshold that might shape the crypto market. Ultimately, it boils down to support levels and how much purchasing is done to offset huge sell-offs that push down prices. If bulls can hold, the cryptocurrency may have enough momentum to reach fresh highs.

MasterAnanda, a crypto and market specialist, said Bitcoin is already forming support that might arrest the decline. The analyst notes that the price is only down 8% from July 14, when it reached its $123,000 all-time high. MasterAnanda calls this retracing “part of the normal workings of the market.”

Bitcoin prices are projected to correct and rebound, therefore present changes are not alarming. As the expert says, such oscillations frequently lead to new bitcoin highs over time.

Bitcoin has strong support over $110,000. Despite bears' pressure, buyers are still absorbing the market's dumping. The analyst emphasizes this support level but also a stronger one right over $100,000.

Since December 2024, this $100,000 psychological barrier has been the threshold to maintain if the market continues its climb. The crypto specialist says bulls will rule as long as Bitcoin stays over $100,000.

Bitcoin will rise in a few weeks or months, like it did last time. You should anticipate retraces and corrections, but we progress throughout time, said Master Ananda.

However, the price may drop below $100,000. If this happened, the bullish thesis would be invalidated, and the analyst said the short and mid-term analysis would need to be modified.

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