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"Bitcoin Faces $100K Downside Risk" Following Friday's crash, BTC has failed for the third time to hold gains above a critical long-term trendline dating back to the 2017 and 2021 highs.
Key Bitcoin Price Levels to Watch
Bitcoin’s broader structure still targets around $147,700, based on the projection from its current setup. For that move to play out, the market must first stabilize and break cleanly above $126,100 (all-time high), close to the neckline level of the ongoing inverse head and shoulders pattern.
Until then, short-term support lies between $117,900, $114,700, and $111,800. Holding those zones keeps the structure intact. A fall below $107,200 would invalidate the bullish projection, while reclaiming $126,100 could trigger a move toward $147,700 — marking the start of Bitcoin’s next leg higher.
For now, the message is simple: a pullback might come before the push. The structure remains bullish, but patience will likely define who catches the next breakout. Just to reiterate, the Bitcoin price structure, based on this pattern, will continue to lean bullish unless BTC falls under $107,200.
This article has been published in yahoo.com via Yahoo News.
