Bitcoin dropped below $105,000, breaching its final support before the $100K zone.
Analysts now eye $94,000–$85,000 as potential downside targets if the slide deepens.
The move coincides with overexuberance in tech stocks and rising Oracle CDS tied to AI spending risks.
Major altcoins, including Ether, Solana, and XRP, also hit multi-month lows.
Bitcoin Breaks Key $105K Support
Bitcoin (BTC) extended its decline below $105,000 in Asian trading hours on Monday, breaking through its last major support level before the psychological $100K zone, according to CoinDesk data.
The breakdown signals renewed selling pressure across the crypto market as sentiment weakens alongside global risk assets. Ether (ETH) fell to its lowest since August, Solana (SOL) slipped to $157, and XRP dropped to a three-week low.
Technical indicators confirm a bearish crossover in Ethereum’s moving averages, suggesting further downside momentum across major tokens.
Analysts Warn of $94K–$85K Retest Zone
“Bitcoin’s breakdown shifts focus to the $100,000–$101,000 area,” said Markus Thielen, founder of 10x Research, in a note to clients.
A sustained break below that range could expose $94,000, or even a full retracement toward $85,000.
