📉 Bitcoin Breaks $107K Support Next Stop $102K–$101K?
Bitcoin has broken below the key $107,000 support, signaling renewed bearish pressure. The breakdown confirms sellers’ control, with price now expected to test the $102,000 - $101,000 zone a critical area where buyers previously defended.
If BTC fails to hold above that range, a deeper drop toward the $100,000 psychological level could follow. Traders should watch for potential relief bounces near $104K - $105K, as the former support at $107K now acts as resistance.
Overall sentiment remains cautious, and the next few sessions will determine whether BTC stabilizes or continues its bearish momentum.
⚠️ Bitcoin Forms a Bearish Flag Caution Ahead After Tariff Announcement
Bitcoin (BTC) is currently trading within a bearish flag pattern, showing signs of weakness after the recent tariff announcement that rattled global markets. This formation typically signals a continuation of downward momentum following a sharp decline and traders should remain cautious as volatility increases.
📉 Technical Overview BTC has been consolidating between tight ranges after a steep fall, forming what looks like a flag on the charts. While short-term bounces may occur, the broader structure suggests potential for another leg down if support levels fail to hold. Key support lies around $108,000–$111,000, while resistance remains near $115,000–$118,000.
🌍 Fundamental Pressure The latest tariff announcement has fueled uncertainty in both traditional and crypto markets. Investors are shifting toward risk-off assets, and Bitcoin’s inability to break resistance zones shows hesitation from bulls.
⚠️ Trader’s Note If BTC breaks below the lower trendline of the flag with strong volume, it could confirm a bearish continuation, possibly driving prices toward the next major psychological level near $100,000. Until BTC shows a decisive breakout above resistance, traders are advised to stay alert and manage risk carefully.