🚨#Bitcoin Price Analysis: BTC Loses Key Support – How Low Could It Go?.

Bitcoin ($BTC) has recently dipped below the critical 100-day moving average at $98K, inching closer to the vital $95K support level. Despite this, the market is experiencing low trading activity, indicating a lack of strong momentum and suggesting that further short-term consolidation is likely.

On the daily chart, the dip below the 100-day moving average at $98K hints at increased selling pressure. However, the absence of robust bearish momentum implies weak market participation, with neither bulls nor bears taking control. This breakdown leans towards a bearish bias, potentially leading to further consolidation and retracements toward the significant $90K support level.

Looking at the 4-hour chart, the price action of $BTC remains bearish, gradually nearing the lower boundary of an ascending channel. The market is undecided, presenting two possible scenarios. As $BTC approaches the crucial support area around the channel's lower boundary and the $90K range, which has historically acted as a strong demand zone, it may trigger a reversal and renew bullish momentum. Conversely, the formation of a double-top pattern, with the neckline coinciding with the $90K support zone, could confirm further bearish continuation if the price breaks below this level. In the short term, $BTC's price action around $90K will be pivotal in determining the next major trend, with further consolidation toward this level expected.

The broader market context shows increasing concerns as investor sentiment weakens. The previous rally, driven by optimism about Trump's election victory and expectations of U.S. strategic asset allocation, has been overshadowed by escalating geopolitical tensions, particularly regarding trade policies, which have prompted risk-off behavior and dampened market momentum. A sustained bullish move will likely require either the resolution of these uncertainties or the emergence of new catalysts.