Bitcoin News Update: Bitcoin’s $100,000 Support Falters Amid Rising Death Cross and Increased Miner Sell-Off

Bitcoin’s latest price movements have drawn increased attention as the cryptocurrency encounters significant turning points after failing to break past $107,000. The rejection at this resistance level has fueled renewed bearish outlooks, with market observers pointing to the formation of a “death cross”—a negative technical signal where the 50-day simple moving average (SMA) falls below the 200-day SMA. This pattern, initially highlighted in a Coindesk report

, has heightened worries about sustained downward momentum for BTC, even though previous death crosses have sometimes resulted in misleading signals .

The unsuccessful effort to reclaim $107,000 has shifted focus to the next major support at $104,000, with traders preparing for possible sharp price swings. Data from Cointelegraph and TradingView indicate that Bitcoin’s inability to maintain levels above $107,000 has sparked concerns about a potential move back to $100,000

. Crypto investor Ted Pillows stressed the significance of the $104,000 mark, pointing out its connection to a CME Group futures gap that could prompt a rebound if buyers intervene . At the same time, the wider crypto sector is experiencing pressure, with and the overall market capitalization also showing vulnerability near comparable resistance points .

Analysis from Seeking Alpha points out that Bitcoin’s position above $100,000 remains precarious, as this level has often reflected overall market sentiment . The coin is currently hovering near its 200-day SMA ($102,700), and a downward trend channel suggests that a break below support could accelerate losses toward $93,000 . A 10x Research report from Coindesk adds to these concerns, cautioning that a fall below $100,000 may spark panic selling among institutional investors, especially around the $93,000 liquidity “air pocket” . This price area matches the average entry point for ETFs, which could lead to increased volatility if downward pressure intensifies .

Meanwhile, the selling activity from miners is adding complexity to Bitcoin’s short-term prospects. According to Crypto News, a rise in miner sales, combined with slowing ETF inflows, might limit Bitcoin’s ability to recover within the $100,000–$108,000 band

. If Bitcoin can sustain a move above $108,000, it could attract renewed buying, but risks remain, including possible forced liquidations and weak trading activity . Yahoo Finance’s review of Bitcoin’s daily chart further supports a bearish outlook, with a head-and-shoulders formation indicating a potential decline to $94,000 or even $87,000 if sellers remain in control .

As Bitcoin approaches these crucial price levels, the next few weeks will reveal whether buyers can regain momentum or if sellers will strengthen their hold on the market’s direction.