NewsBTC
Nov 8, 2025
13 0

Bitcoin Tests $100,000 Zone Amid 19% Drop From All-Time High

Bitcoin's price recently retested the psychological $100,000 zone, leading to significant liquidations. Currently, Bitcoin trades at $102,277, 19.02% below its all-time high of $126,198.

Key Analysis by PlanD

  • PlanD highlights Bitcoin's bounce off $100,700 as a potential bottom formation.
  • The $100,700 level aligns with Bitcoin’s 50-week EMA, a critical support since 2022.
  • Repeated tests of the EMA have historically led to price increases.
  • Maintaining above this level could lead to short-term targets of $116,000 - $120,000.
  • Analysis suggests strong upside potential with possible long-term targets up to $340,000.

Bitcoin

Current Market Sentiment

  • Bitcoin's recent slip to $100,000 was crucial in its correction phase.
  • This level is significant for market psychology and structure.
  • Weekly and monthly losses are at 6.98% and 16.23%, respectively.
  • Investor realized prices fell below $50,000, incurring top buyers' losses of approximately $0.16 billion per hour.

Bitcoin