Bitcoin (BTC) is under the spotlight as it tests the critical $100,000 support, with traders closely watching for signs of a rebound amid recent market turbulence and ETF outflows.
After a sharp pullback from October highs near $126,000, Bitcoin’s recent decline has intensified short-term selling pressure. Analysts suggest that technical support levels, including the Fibonacci golden zone, may provide potential rebound opportunities if market confidence stabilizes.
Bitcoin Faces Short-Term Selling Pressure
Bitcoin (BTC) has experienced notable volatility in recent trading sessions, dipping below the $100,000 mark for the first time since May 2025. Analysts attribute this move to a combination of market-wide risk aversion, spot ETF outflows exceeding $500 million, and uncertainties surrounding U.S. government policies and Federal Reserve interest rate decisions.
Bitcoin is under significant U.S. selling pressure, with the Coinbase Premium Gap signaling a potential short-term correction. Source: Giannis Andreou via X
As long as investor confidence remains low and capital continues to flow toward safer assets, downward pressure on Bitcoin is likely to persist in the short term.
The recent drop has erased gains from October highs near $126,000, highlighting a period of technical consolidation. Traders and analysts are now closely monitoring key support levels for indications of a rebound.
Fibonacci Golden Zone Offers Potential Buying Opportunity
Technical indicators show Bitcoin has entered a Fibonacci retracement zone between 50% and 61.8%, often referred to as the “golden buy zone.” Historically, this area has acted as a strong support level, providing potential opportunities for traders seeking a rebound.
According to chart analyst Ali (@ali_charts), “Bitcoin $BTC could rebound here to at least $106,500 or $112,000.” The targets are based on prior resistance lines and historical price action.
Bitcoin could potentially rebound to between $106,500 and $112,000. Source: Ali Martinez via X
While the Fibonacci golden zone can be an excellent means of determining an entry point, traders should always confirm the setup through supportive indicators like bullish candlestick patterns, RSI, and spikes in trading volume.
Technical Indicators Reflect a Bearish Bias
Although there is a likelihood of a rebound, technical indicators are still showing significant selling momentum. The 200-period simple moving average has now provided resistance to Bitcoin, while the relative strength index is close to the oversold level of 30.
Bitcoin has pulled back to the Fibonacci 50–61.8% “golden buy zone,” signaling a potential rebound. Source: Nat ATW on TradingView
The TRIX indicator also shows a consistent downward slope in order to confirm a continued short-term bearish bias. Currently, $100,000 is considered a critical psychological support and floor, with $103,000 providing near-term resistance, which coincides with the 200-period SMA. A continued drive above $109,000 will be required to unlock gains and to challenge this dominant downtrend.
Market Sentiment and Investor Confidence
Confidence in the larger cryptocurrency market has taken a hit, too. The Crypto Fear & Greed Index lately gave readings of 27 points, representing persistent “fear” in this market. Bitcoin’s open interest has retreated to $34 billion, reflecting that many longs have been closed amid weak demand.
Bitcoin was trading at around 102,076.62, down 4.65% in the last 24 hours at press time. Source: Brave New Coin
This seems to point out that Bitcoin’s short-run price movements would remain under the influence of investor sentiments. According to analysts, while technical support exists, a sustained rebound is dependent upon an improvement in market confidence.
Historical patterns support possible recovery
While the current trend looks bearish, historical factors suggest a different story. Bitcoin has normally recovered from pullbacks; 80% of all major pullbacks in history have rebounded within months. This recent correction fits right into this trend and would mean that temporary volatility does not indicate the reversal of the long-term uptrend.
Bitcoin at $105K is a normal dip; history shows it will likely recover. Source: cotton (unstable/acc) via X
“BTC dipped” after a prior rally is considered a normal correction rather than a signal of market collapse. Traders are observing whether Bitcoin can hold the golden buy zone for a short-term rebound toward projected targets.
Final Thoughts
The pullback of Bitcoin into the $100,000 support area and within the Fibonacci 50–61.8% retracement zone develops a technically compelling buying opportunity. Short-term price recoveries could reach as high as $106,500, or even $112,000, given that the support holds and market confidence is restored.
Investors are advised to remain cautious and consider broader market indications and confirmation signals before taking any positions. The investors face a challenging environment created by the macroeconomic conditions and ETF outflows; however, historical resilience in Bitcoin has consistently provided a structured framework for a potential rebound.