Bitcoin loses momentum, sliding under $110,000 while Ethereum records an 8% drop, sparking concerns of deeper corrections across the crypto sector.
The cryptocurrency market endured another wave of selling pressure this week, with Bitcoin (BTC) plunging to $109,725 after failing to hold above the $112,000 support zone. The retreat comes just days after a brief recovery rally, reinforcing bearish sentiment.
The latest decline places BTC back inside a critical green support zone around $109,000–$112,000. This level has acted as a buffer several times in recent months, but repeated testing raises questions about its durability.
On the upside, the major resistance remains at $123,000, where sellers have consistently rejected bullish attempts. Unless Bitcoin reclaims $115,000–$116,000 in the near term, traders warn of potential continuation lower.
“Bitcoin’s failure to hold above $112,000 is a clear sign that the market is still under pressure. The next big test is whether bulls can defend $109,000. A break below this region could quickly open the path toward $102,000,”According to BITX technical analyst .
Ethereum (ETH) extended losses, falling nearly 8% in the same timeframe. The drop has pushed ETH below several short-term moving averages, signaling continued weakness. Other large-cap altcoins mirrored the decline, further amplifying market-wide selling pressure.
Trading volume has risen notably during the pullback, suggesting active participation from both buyers and sellers. While some traders view the correction as a natural part of the cycle, others caution that the lack of strong momentum above $115,000 leaves the market vulnerable.
Bitcoin’s retreat below $110,000 underscores fragile market conditions. The coming days will be critical in determining whether bulls can defend the $109,000 support or if the market risks sliding further toward $102,000 and $95,000.
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.