Bitcoin (BTC) fell through $106,000 early on Tuesday and it has also crashed through the major ascending trendline. Is it already too late to stop the rot? Are we in the initial stages of a descent into a bear market?
$98,000 next for $BTC price?
Source: TradingView
The short-term time frame for the $BTC price does not display a pleasant picture. Not only have the two strong horizontal supports at $108,000 and $106,000 been turned into resistances, but the price is currently well under the major ascending trendline, with a new 4-hour candle having opened below.
If this current crash is not stopped soon, $98,000 could be the next port of call. Once there, any pretense of a continuing bull market could be pretty much over.
Looking for positives, if the price does not continue its sharp descent, a double bottom could come into play. Also, a trendline coming from the all-time high (faint dotted line), that the price is still above, could provide support and a sorely needed bou
We współpracy z: https://cryptodaily.co.uk/2025/11/bitcoin-btc-crashes-through-support-will-the-decline-worsen
