Chart Shows Bitcoin Price Could Slide Below $100k Again as Key Resistance Holds

2025-7-2 22:30

BTC price action shows Bitcoin might be on the verge of another drop below the $100,000 mark. On the daily chart, Bitcoin is moving inside a descending broadening wedge pattern. This means the price is trading between two downward-sloping trendlines that are gradually getting wider apart.

Each time BTC hits the top of this channel, it faces rejection and moves lower, creating a series of lower highs. At the same time, the price keeps bouncing off the lower boundary but with lower lows, showing weakness.

Currently, BTC price is hovering around $106,000 after failing to break above the upper trendline once again. The chart suggests that this rejection could trigger a new wave of selling pressure, with a potential drop of about 7.9% from the current level. That would put the BTC price near the $97,600 area, which is shown on the chart as the next significant support.

BTC Price Chart in a Descending Broadening Pattern

The upper boundary of the channel has turned into a strong resistance zone. This resistance has kept Bitcoin from breaking out higher several times since mid-May. Each failed attempt at a breakout has resulted in sharp declines, reinforcing the bearish sentiment in the market. As long as Bitcoin stays trapped below this resistance, the bias remains bearish in the short term.

Bitcoin’s Next Major Support Could Be Tested Soon

The chart highlights a key level around $97,600, which is where the price could find its next significant support. A bounce from this area could set the stage for another attempt to move higher, but a break below it could open the door for a deeper correction.

Read Also: JasmyCoin (JASMY) Price Prediction for July: Will this Bullish Outlook Play Out?

Looking at the overall structure, Bitcoin’s momentum appears to be weakening. The repeated rejections at the descending trendline and the lower highs on each rally indicate sellers are still in control. Until BTC price manages to break above this descending resistance with strong volume, the risk of another dip below $100,000 remains high.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Chart Shows Bitcoin Price Could Slide Below $100k Again as Key Resistance Holds appeared first on CaptainAltcoin.

origin »

Bitcoin price in Telegram @btc_price_every_hour

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -2.75 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 467.1 (-100%)

price bitcoin chart below shows pattern descending

Источник: captainaltcoin.com

price bitcoin → Результатов: 126


Фото:

Elliot Wave Theory Says Bitcoin Price Is Headed To $40,000, But The End Game Will Shock You

A technical analyst known as ‘V’ has shared a striking Elliott Wave Theory-based Bitcoin price outlook on X that he believes most market participants are completely overlooking. The chart, plotted on Bitcoin’s weekly timeframe, outlines a multi-year roadmap that could first subject the cryptocurrency to significant downside pressure, potentially triggering a price crash to $40,000 before setting the stage for an explosive rally that could shock investors and traders.

2026-3-4 18:00


Kaspa (KAS) Price Mirrors Bitcoin’s Early Path As Chart Points To New All Time High

Kaspa price is back in focus after a chart surfaced showing a striking resemblance between KAS price action and Bitcoin price behavior before one of its most powerful historical rallies. The visual comparison is hard to ignore, showing a long consolidation phase, gradual upward pressure, and then a sharp expansion that changed Bitcoin’s trajectory completely.

2026-1-21 17:30


Фото:

Bitcoin demand is breaking out, but dealers are mechanically forcing stability: Here is the exact price the dam cracks

Bitcoin is now trading around near $96,000 as spot ETF inflows and options market positioning exert opposing mechanical forces on price behavior. The current price sits just outside a range between roughly $90,000 and $94,000, a band that has persisted despite intermittent surges and declines in spot demand through US-listed Bitcoin exchange-traded funds.

2026-1-16 20:50


Фото:

Bitcoin Big Move Incoming? BTC Whales Are Stacking Long Positions At A Rapid Pace

Bitcoin’s price may be showcasing slight upward movement, but the overall outlook is still quite bearish considering the volatile state of the broader cryptocurrency market. Even with the flagship asset trading below the $90,000 price mark for the past few weeks, expectations for another huge rally remain solid in the hearts of major investors as […]

2025-12-29 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

HYPE Price up 20% this Week as playnance’s G Coin TGE Draws Market Attention

TLDR Hyperliquid’s HYPE token is back in focus after rising to around $40 in mid-March, supported by record activity in HIP-3 markets, rising open interest, and fresh whale participation.   The token’s latest advance has also pushed Hyperliquid ahead of Cardano in market-cap rankings, placing HYPE among the 10 largest cryptocurrencies by market value.

Here’s How Shiba Inu (SHIB) Price Could Explode 50%

Shiba Inu (SHIB) might be turning things around after months of falling prices. Lately, it looks like momentum could be shifting, and traders are starting to watch for a possible breakout. A recent update from TheCryptoBasic suggests SHIB could rally by as much as 50% if it manages to break through a key downward trendline.