Aug 4, 2025
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Bitcoin Price Faces Key Support Level Around $100,000 for Market Stability
Bitcoin has dropped below $115,000 but is at a crucial level that may influence the future of the crypto market. The primary focus is on support levels and buying activity to counter ongoing sell-offs.
Key Points on Bitcoin's Price Stability
- Bitcoin price is down 8% from its all-time high of $123,000 on July 14.
- Market corrections are normal; they can lead to new highs in the long term.
- Support exists above $110,000, indicating buying interest despite bearish pressure.
- The critical psychological support level is $100,000, essential for maintaining bullish momentum.
- If Bitcoin holds above $100,000, bullish control remains intact; otherwise, a reassessment of market conditions will be necessary.
"After a few weeks or several months, Bitcoin will go up. Expect short-term retraces, but long-term growth remains," noted analyst MasterAnanda.
