Bitcoin News Today: Will Bitcoin Revisit $100k? Is This a Period of Stabilization or a Pullback?

Bitcoin Approaches a Critical Juncture as Price Revisits $100,000 Support – Is the Uptrend at Risk?

The recent movements in Bitcoin’s price have sparked renewed discussions about the cryptocurrency’s direction in the coming months, as it nears a significant inflection point. After climbing above $100,000 earlier this year, the leading digital currency now faces a crucial challenge at its support zone, leaving traders and analysts split on whether this signals a period of consolidation or the onset of a larger downturn. The retest of the $100,000 mark—previously seen as a major psychological milestone—has become a central issue for investors assessing risk in an uncertain macroeconomic climate, according to a

.

Experts in technical analysis emphasize that the $100,000 threshold is more than just a figure; it embodies a convergence of historical trading patterns, derivatives market positioning, and institutional accumulation trends. “This is not merely a chart level—it acts as a psychological anchor for market participants,” explained Sarah Lin, a crypto strategist at

. Should maintain its position above this support, it may demonstrate strength despite broader market turbulence, potentially paving the way for the next phase of a prolonged bull market. On the other hand, a fall below $95,000 could set off a wave of stop-loss triggers and forced liquidations among leveraged traders.

Investor sentiment is currently divided, with blockchain data offering a complex perspective. Although daily trading volume has consistently exceeded $20 billion, a

points to a 15% drop in the number of new wallets buying Bitcoin above $110,000, indicating a decrease in retail participation. In contrast, institutional investments in crypto funds have picked up pace, with leading asset managers reporting unprecedented inflows during the third quarter. “Institutional investors continue to buy on dips,” said Michael Tan, founder of , highlighting that Bitcoin’s 20-day moving average is still holding above important support areas.

Wider economic conditions further complicate the forecast. Persistent U.S. inflation and the Federal Reserve’s stance on keeping interest rates elevated have led some to fear tighter liquidity for riskier assets. However, others note that Bitcoin has recently shown less correlation with traditional markets, with its relationship to the S&P 500 falling to 0.3 from a high of 0.8 in early 2023, as reported by

. This divergence has fueled renewed interest in Bitcoin as a potential safeguard against systemic risks, especially in developing economies.

Options trading data reveals increased uncertainty, with a surge in put option activity as traders seek protection against potential declines. The Bitcoin derivatives “fear index,” calculated by CryptoMetrics, reached its highest point in 30 days last week, according to a

, reflecting heightened caution. Nevertheless, funding rates for futures remain positive, indicating that bullish positions still dominate among perpetual contract traders.