Bitcoin (BTC) has entered a decisive phase as prices fall below the critical $107,500 support zone, signaling a possible trend reversal after weeks of heightened volatility.
Analysts suggest that unless Bitcoin reclaims higher resistance levels soon, the world’s largest cryptocurrency could test deeper support zones around $97,000, a level many see as a potential buy-the-dip opportunity.
Bitcoin Price Slips Below Key Support
According to Brave New Coin, Bitcoin is trading at $105,306, down 5.45% in the last 24 hours, with a 24-hour trading volume exceeding $107 billion. This decline follows a sharp correction from its recent all-time high of $126,251 reached on October 15, 2025, which triggered over $800 million in bullish liquidations and removed approximately $600 billion from the broader crypto market cap.
Bitcoin tumbles below $108K with weak support until $101K–$102K, risking further losses before any potential bounce. Source: @TedPillows via X
Market analyst @TedPillows noted on X, “$BTC has lost the $108,000 support level. Now there’s little to no support until $101,000–$102,000. If Bitcoin manages to reclaim $110,000, we could see a bounce back. Otherwise, expect more pain before relief.”
This observation aligns with technical signals showing weakening momentum as traders await a daily close confirmation below $107,500, which could validate a bearish shift in Bitcoin’s short-term structure.
Technical Outlook: Where Bitcoin Might Find Support
Chart analysis indicates a potential support range between $101,000 and $102,000, consistent with a 2025 Investtech report highlighting a rising trend channel near $106,000. Failure to reclaim the $110,000–$115,000 resistance range could trigger a deeper correction toward the $97,000 zone, which is increasingly being viewed as a key area for long-term accumulation once market momentum stabilizes.
Bitcoin shows bearish risk below $107.5K, with $97K as the next key support zone. Source: Hamzatheinsider on TradingView
Historically, Bitcoin has recorded corrections of around 30% following strong parabolic advances, a pattern supported by research published in the Journal of Risk and Financial Management (2021). This cyclical behavior suggests that such pullbacks are a normal phase in Bitcoin’s broader price evolution.
Macro and Market Pressures Intensify
Bitcoin’s latest correction also coincides with macroeconomic uncertainty and a strengthening U.S. dollar, both weighing on risk assets. Institutional flows into Bitcoin ETFs like the Fidelity Bitcoin ETF and BlackRock’s iShares Bitcoin Trust (IBIT) have slowed compared to earlier in the quarter, reflecting a temporary pause in investor risk appetite.
The BTC/GLD ratio shows a multi-year bullish cup-and-handle pattern, signaling potential upside for Bitcoin as gold demand peaks. Source: @chad_ventures via X
Meanwhile, gold has surged to new record highs. Analyst @chad_ventures compared the performance of Bitcoin vs. Gold (BTC/GLD ratio) and highlighted a long-term “cup and handle” pattern forming since 2019. “People are waiting in lines to buy gold right now, chasing after the majority of the move that has already happened. That’s a huge warning signal for Gold in my opinion,” he wrote, implying a potential rotation back into Bitcoin once the correction stabilizes.
Bitcoin Sentiment Divided: Bulls Still See Long-Term Strength
Despite the near-term bearish tone, not all analysts are pessimistic. Market watcher @EtherNasyonaL pointed out that Bitcoin often gathers strength after accumulation periods. “Bitcoin continues its upward movement after a brief accumulation above demand zones. Stoch RSI supports the upward movement after a complete cooldown,” the post explained.
Bitcoin regains momentum above key demand zones, signaling the start of a potential new parabolic rally. Source: @EtherNasyonaL via X
This view suggests that once oversold conditions are reached — as signaled by momentum oscillators—Bitcoin could stage a strong rebound similar to previous post-correction rallies.
Long-term investors continue to view current levels as part of Bitcoin’s broader growth trajectory, supported by the historical impact of the 2024 Bitcoin halving, which has previously preceded major bull markets.
Bitcoin Market Outlook
At present, traders are closely watching whether Bitcoin can hold above $101K or reclaim the $110K–$115K region to restore bullish confidence. Until then, the market remains cautious, with many adopting a wait-and-see approach amid conflicting macro signals and rising volatility.
Bitcoin (BTC) was trading at around $105,306, down 5.45% in the last 24 hours at press time. Source: Bitcoin Price via Brave New Coin
While short-term pain may persist, historical trends suggest that corrections of this scale often pave the way for new long-term accumulation zones—making the $97K level one to watch for patient investors evaluating whether to buy Bitcoin now.