Bitcoin Dips Under $100K — Is This the Bottom?

Bitcoin experienced a sharp correction, dipping briefly under the psychological $100K level after previously setting all-time highs above $126K in October. This drop resulted in nearly $1.3 billion in liquidations over 24 hours, heavily impacting Bitcoin longs. Analysts suggest that if $100K fails as support, the price could slide toward the $88K–$95K range, where significant leveraged long positions are lined up. Historically, losing the weekly 50-Moving Average (MA) has preceded a drop toward the 200-MA, currently around $55,000. The sell-off is partially attributed to macro factors like the Treasury General Account refill and institutional pain from prior liquidations. While altcoins suffered worse losses, the article concludes that this volatility is inherent to Bitcoin, viewing the current shakeout as a necessary cleansing of leverage tourists rather than the end of the bull market.

(Source：Brave New Coin)