The crypto market opened the week on shaky ground, with Bitcoin (BTC) struggling to defend the $107,000 support zone. One analyst has warned that a bearish divergence that has been forming for weeks continues to pressure the price.
For now, Bitcoin’s saving grace is the $107K–$108K golden pocket. Buyers have been stepping in to defend this zone, keeping the market from breaking down further.
If BTC loses this support on a daily close, the picture changes quickly. A breakdown would likely flip this zone into resistance, leaving $103.5K as the next short-term cushion. If selling accelerates, next targets are between $101K and $98K.
On the other hand, if Bitcoin manages to bounce, the road higher will not be easy. $109K–$110K is the first hurdle, followed by $112K, $114.5K, and $117K. Unless BTC clears those levels, every bounce risks being just another lower high in a weakening trend.
Liquidation data adds another layer of concern. While there are liquidity pockets around $107K and $119K, the largest cluster sits far below current levels at $91K–$92K.
This does not guarantee that Bitcoin will crash that far, but in stressed markets, price tends to hunt liquidity. If bearish pressure builds, one cannot rule out a deeper correction.
There is one silver lining. Bitcoin’s weakness has given altcoins a chance to shine.
The Bitcoin dominance chart shows a continued pullback, meaning altcoins like Ethereum (ETH) and XRP are holding ground better than BTC. Ethereum remains locked in a sideways range, while XRP is clinging to a supportive trendline that has so far kept bears in check.
As long as Bitcoin dominance keeps sliding, altcoins could outperform on a relative basis even if the broader market remains sluggish.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The International Monetary Fund (IMF) has praised El Salvador for its continued economic growth. The…
Newly confirmed Commodity Futures Trading Commission Chairman Michael Selig said on Monday that Congress is…
In the United States, a growing number of young investors are entering the financial world…
A popular crypto analyst from Altcoin Daily has shared what he calls his worst-case scenario…
Bitcoin surged sharply today, briefly touching the $90,000 level before pulling back, leaving everyone questioning…
Ripple’s chief technology officer David Schwartz said transaction activity and liquidity are the most reliable…
