![\"Bitcoin](\"https:\/\/pbs.twimg.com\/media\/G3cHeaFWIAAmgmA?format=jpg&name=medium\")
<\/p>\nBitcoin is once again under heavy pressure, sliding toward the $103,000 level as the broader crypto market undergoes a sharp downturn. After days of volatility and failed recovery attempts, BTC has lost key support, triggering renewed fear and accelerating sell-offs across altcoins. Most major assets are showing deep losses, with traders and investors now questioning whether the market has entered a deeper corrective phase.<\/p>\n
According to top analyst Axel Adler, Bitcoin\u2019s main support zone lies between $106,000 and $107,000, a range defined by the Short-Term Holder (STH) 1M\u20133M Realized Price and the 200-day simple moving average (SMA 200D). This critical area represents a confluence of both on-chain and technical support levels where previous corrections have historically found equilibrium.<\/p>\n
However, the current momentum shows mounting weakness.\u00a0As panic spreads and liquidity dries up, all eyes are now on the $106K\u2013107K range \u2014 a decisive battleground that could define Bitcoin\u2019s short-term trajectory and set the tone for the rest of the crypto market.<\/p>\n
Adler highlights that a loss of the $106K level\u00a0would likely trigger a move toward $100,000, where the yearly moving average (SMA 365D) currently aligns \u2014 a level that has historically acted as a springboard for major reversals during previous market cycles.<\/p>\n
Despite the growing fear, Adler notes that the macro structure remains bullish as long as the $100K base holds. This region represents long-term buyer interest, and defending it could reset overheated leverage and pave the way for a more stable recovery. However, Bitcoin is already trading below the $106K mark, raising concerns that the market could be preparing for a deeper test of this critical floor.<\/p>\n
Analysts across the space are now closely watching the daily candle closes, which will determine whether the move below support is merely a liquidity sweep or confirmation of a bearish continuation. If Bitcoin fails to reclaim the $107K level soon, a broader shift in sentiment could unfold \u2014 one that may prolong the consolidation phase and test investor conviction.<\/p>\n
In contrast, a strong rebound from the $100K zone would reinforce the argument that the correction is part of a healthy reset within an ongoing bull market. The coming days will therefore be decisive: either Bitcoin holds this base and rebuilds momentum, or it breaks lower, signaling that the current cycle\u2019s most aggressive phase of volatility is far from over.<\/p>\n
Bitcoin continues to slide, with the latest chart showing price action hovering around $106,000, now testing one of the most critical support zones in months. After failing to reclaim the $115,000 and $117,500 resistance levels earlier this week, BTC extended its losses, touching an intraday low near $103,500 before recovering slightly. The market remains tense as traders watch whether the 200-day moving average (SMA 200D) \u2014 currently around $107,500 \u2014 will hold.<\/p>\n
![\"BTC](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/BTCUSD_2025-10-17_07-15-18.png?w=860&resize=860%2C549\")
<\/p>\n
This level represents the Short-Term Holder (STH) realized price region and coincides with the area identified by analysts as a major structural base. A confirmed breakdown below it could open the door to a test of $100,000, where the yearly moving average (SMA 365D) aligns, serving as the next major support.<\/p>\n
Momentum indicators suggest that BTC is still under strong bearish pressure. The 50-day and 100-day moving averages are trending downward, indicating a loss of short-term momentum. Unless Bitcoin can close daily candles back above $107K, market sentiment is likely to remain cautious.<\/p>\n
Featured image from ChatGPT, chart from TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin is once again under heavy pressure, sliding toward the $103,000 level as the broader crypto market undergoes a sharp downturn. After days of volatility and failed recovery attempts, BTC has lost key support, triggering renewed fear and accelerating sell-offs across altcoins. Most major assets are showing deep losses, with traders and investors now questioning…<\/p>\n","protected":false},"author":1,"featured_media":7641,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[65,791,111,108,1003,3738,73,71],"class_list":["post-7640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-bulls","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-sth","tag-bitcoin-sth-realized-price","tag-btc","tag-btcusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=7640"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/7640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/7641"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=7640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=7640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=7640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}