Bitcoin Dips Below $100K: Is the Bull Market Over for Crypto?

Bitcoin Loses Key $100K Level, Possibly Ending The Crypto Bull Market

Introduction

Bitcoin’s recent price drop below the vital $100,000 threshold has raised alarms across the cryptocurrency market. This shift may signal the end of the ongoing bull market, leading to potential sell-offs and further declines in major altcoins. Below, we’ll dive into price predictions and support levels for Bitcoin and other leading cryptocurrencies.

Bitcoin’s Current Status

Bitcoin (BTC) has recently fallen below the psychological support level of $100,000, which opens the door for a potential decline towards $87,800. The current momentum indicates a bearish trend as sellers have taken control. The Crypto Fear & Greed Index has also plummeted, hitting 15 out of 100, indicating extreme fear among investors. This is the lowest score seen since early March, suggesting widespread concern in the market.

Market Sentiment and Predictions

Commenting on the current market conditions, Matt Hougan, Chief Investment Officer at Bitwise, tells Cointelegraph that if Bitcoin had surged sharply toward the end of 2025 followed by a pullback, it would have aligned with the four-year cycle theory. However, the absence of such a rally means we could be gearing up for a stronger performance in 2026, driven by reliable fundamentals.

Potential Outcomes for Bitcoin

As sellers strive to maintain Bitcoin’s price below $100,000, analysts are closely monitoring support levels. The price could potentially find some support around $92,000, but if this level fails, we may see a drop towards $87,800. For a positive change in trend, Bitcoin needs to break above $107,000.

Price Analysis: Major Cryptocurrencies

With Bitcoin’s struggles, let’s examine how other major cryptocurrencies are faring.

Ethereum (ETH)

Ethereum has also experienced a decline, struggling to stay above its 20-day exponential moving average (EMA) of $3,567. If sellers manage to push ETH below the critical support level of $3,350, we could see a rapid descent towards $2,500. On the flip side, a recovery above the 20-day EMA could signal bullish potential. You might also enjoy our guide on 5 Potential Trump Tariffs Impacting Bitcoin in 2026.

XRP

XRP’s recent attempts to surpass the 50-day simple moving average (SMA) of $2.56 were thwarted by sellers. It’s currently facing a challenge at the $2.06 support level. If this support fails, XRP could tumble to $1.90 and possibly $1.61. A sturdy recovery above the downtrend line could flip the momentum back in favor of the bulls. (CoinDesk)

BNB

BNB is gradually sliding toward the critical support level of $860. A breakdown below this support could lead to a drop toward $730. However, if the price rebounds from $860 and breaks above the 20-day EMA, it might enter a consolidation phase between $860 and $1,183.

Solana (SOL)

Solana has recently closed below both the $155 and $145 support levels. With minor support at $137, the price risks falling to $126 and potentially $110, where buyers may step in. A return above the 20-day EMA of $166 would suggest a potential bullish reversal.

Dogecoin (DOGE)

Dogecoin has been trending lower, edging closer to the lower end of its $0.14 to $0.29 range. Defending the $0.14 support is vital; a drop below this could trigger a downward trend toward $0.10. To reverse the current trend, buyers must push the price above the 20-day EMA of $0.17.

Cardano (ADA)

Cardano has recently fallen to $0.50, where buyers are expected to defend the level strongly. If it can rise above the 20-day EMA of $0.58, a rally toward $0.67 may occur. Conversely, if the price breaks below $0.50, it could lead to further declines toward $0.40.

Chainlink (LINK)

Chainlink is hovering near a critical support level of $13.69. A drop below this could see it fall to $12.73 and potentially to $10.94. Although there are early signs of a bullish divergence in RSI, the price needs to rise above the 20-day EMA of $16.05 for momentum to shift positively. For more tips, check out AAVE Price Forecast: Aiming for $224-$240 in the Coming Week.

Bitcoin Cash (BCH)

Despite multiple attempts to break through the 50-day SMA of $529, Bitcoin Cash has faced continuous resistance. A fall to $443 is likely if sellers maintain pressure. However, if buyers successfully fend off this level or push above it, BCH could trigger a new uptrend, potentially hitting $580 and beyond. (Bitcoin.org)

Conclusion

As Bitcoin dips below the critical $100,000 mark, the entire crypto market faces increased uncertainty. While some analysts believe this could signal a deeper downturn, others see potential for a rebound based on underlying fundamentals. The next few weeks will be critical in determining the direction of the market. Keeping a close eye on support levels and market sentiment can help navigate this volatile world.