Bitcoin (BTC) Has Strongly Lost $100,000 Support and now he finds himself with a new challenge.
The digital currency is fighting not to lose the area which is located approximately between 91,000 and 93,000 dollars.
As can be seen in the following image, provided by TradingViewit is about lower boundary of the lateral channel where bitcoin is located (green rectangle):
It is explained in the Cryptopedia (educational section of CriptoNoticias) that support zones are areas in which the price of a financial asset—bitcoin in this case—has difficulty crossing them downwards.
But, once these supports are “broken”, the asset can go towards old support-resistance areas.
What would happen if bitcoin falls below $90,000? What is observed is not good at all. Bitcoin would encounter a support area historically newly established at 74,000 dollarsapproximately (yellow rectangle in the graph above.
Probably, macroeconomic developments that take place in the coming days could push the market in one direction or another.
Also, investors will be attentive to any statement made by Donald Trump, president-elect of the United States, who has made numerous promises related to the bitcoin and cryptocurrency industry.
If the predictions are true, it is a good buying opportunity
As CriptoNoticias has reported extensively, the majority of analysts and traders maintain bullish expectations for bitcoin, at least for much of 2025.
The general opinion is that the bullish cycle of cryptocurrencies is not over yet.
According to specialists from the Bernstein firm, for example, BTC still has the possibility of going to $200,000 this year.
Iván Paz Chain, a trading specialist, has told this information portal that his target price is $140,000 per bitcoin.
If these predictions are correct, then every drop below $100,000 would be a good opportunity to acquire bitcoin at relatively cheap prices.
