In this Bitcoin Analysis, Bitcoin has pulled back dramatically. The price action shows BTC dropping sharply and blowing through a major resistance-turned-support line that has been on the chart for a long time. Bitcoin moved down below 108, and then continued to fall below 100, exactly as anticipated in previous updates.
For weeks, downward momentum was bleeding into the chart, and this recent drop confirms the weakness that had been building.
The Key Level That Determined Bullish Momentum
Earlier, when the market was trading within a tight range, Bitcoin needed to break above 101,076.62 in order to turn bullish. This number was identified clearly as the level BTC had to cross to shift market momentum upward.
What happened instead?
Bitcoin only touched that level on a wick — a brief tap — without forming a strong, full candle to push through it.
Because of that, the bullish confirmation never came.
This was the first major signal that the market was not ready to reverse upward.
As shown clearly on the chart, because Bitcoin failed to break through 101,076.62, it never became bullish. Instead, the price broke down and eventually fell below 100.
Touching a Long-Term Support Line
Bitcoin is now touching a very old support line — one that has been on the chart for months. This line was used to mark multiple buy and sell levels throughout the year.
In the earlier months, Bitcoin hit the first high target that had been predicted at the start of the year. Anyone can verify this by checking the TradingView chart linked under the Rumble video, where an entire year of market calls is documented.
This drop has now brought Bitcoin back to that same long-term line once again.
The Next 24 Hours Are Critical
Now, Bitcoin has 24 hours to turn around.
For the market to show strength:
- BTC must come back above 100
- It must break through that level decisively
- It must close with a strong, solid candle — not a wick
If this does not happen within the next 24 hours, the pattern becomes predictable:
Bitcoin may rise slightly for a couple of days, but it will eventually break down again.
This moment is crucial. The market must reclaim 100 quickly, or the next leg lower becomes likely.
Conclusion
This Bitcoin Analysis shows that BTC’s drop below 108 and 100 was not surprising. The market failed to break 101,076.62, and without that bullish confirmation, a breakdown was expected. Now Bitcoin sits on a major long-term support line, and the next 24 hours will determine whether BTC recovers or heads lower.
Stay attentive — the chart is giving very clear signals.
