Aug 26, 2025
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Bitcoin Falls Below Key Support Levels, Analysts Warn of Deeper Losses
Bitcoin has fallen below crucial support levels, raising concerns about its market direction. Analysts suggest that while a temporary bounce might occur, it may represent a trap leading to further declines.
Key Points
- Bitcoin lost its horizontal support zone, indicating market weakness and potential for deeper losses.
- A minor bounce from around $108,000 is possible but unlikely to change the bearish outlook.
- Current market structure favors sellers; upward moves could be seen as short entry opportunities.
- Bitcoin slipped below the 100 EMA on the daily chart, signaling weakening momentum.
- The next significant support level is around $103,000, where potential stabilization may occur.
- A recovery above the 100 EMA is needed to restore market confidence; failure to do so increases the risk of further declines.
