BTC Tests Crucial Support Zone After Sharp Decline
Bitcoin (BTC) fell back toward the $109,000 support level this week, raising questions about whether the world’s largest cryptocurrency can hold its ground amid ongoing market uncertainty. The decline comes after repeated failures to reclaim the $118,000–$120,000 resistance area, which continues to act as a significant barrier for buyers.
On the daily chart, BTC is consolidating inside a descending channel, with price action slipping from recent highs near $122,000. The breakdown has brought Bitcoin back into its green support zone at $109,000–$111,000, a level that has historically acted as a strong demand area.
If this level fails, analysts warn that BTC could retreat toward $102,000, with further downside risk extending to $95,000, where the next major liquidity pockets lie.
According to BITX Crypto market analyst , “The $109K zone is a pivotal level. If bulls can defend this range, we could see another attempt toward $118K. But losing this support would shift momentum firmly in favor of the bears.”
The retreat in Bitcoin mirrors a cautious tone across risk markets, with traders closely monitoring U.S. economic data and central bank policy. Altcoins have also shown weakness, amplifying fears that the recent correction may not be over.
Still, some analysts argue that the descending channel could ultimately set the stage for a breakout if support holds. Historically, BTC has often consolidated in similar structures before staging strong upside moves.
For now, $109K remains the battleground. A sustained bounce could bring BTC back toward $115K–$118K, while a decisive breakdown risks exposing deeper levels. Traders remain split, but all eyes are fixed on whether Bitcoin can maintain this crucial line in the sand.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.