Crypto markets remain under pressure as large holders and long-term investors continue to offload assets, creating a steady stream of selling that keeps prices muted — a setup reminiscent of the post-dot-com crash era in the early 2000s. Bitcoin has been consolidating within a tight range ahead of a crucial weekly close, with the $100,000 level emerging as a key battleground. Traders are watching closely for a decisive move above the 50-week exponential moving average (EMA), currently hovering near $100,940, which could signal renewed strength.
Beyond the charts, broader market sentiment is tied to developments in Washington. Optimism is building that lawmakers will soon resolve the government shutdown standoff, which has increasingly strained the U.S. economy. Adding to the mix, investors are also awaiting the upcoming U.S. Supreme Court ruling on international trade tariffs. A decision to overturn them could boost equities, inject fresh momentum into risk assets, and potentially spill over into crypto.
At the time of writing, BTC was trading at $105,908.
After making a new all-time high of $126,199, BTC witnessed a sharp correction, plunging nearly 20% to $102,000. Following this move, the asset traded within a range of $116,000 to $107,000 before breaking down below the range and hitting a low of $98,944. However, it did not close below the psychological support level of $100,000. The lower shadows below this level indicate strong buying interest.
If BTC holds and sustains above the key support at $100,000, a relief rally toward $107,000 can be expected. For further upside, the asset must close and sustain above the $107,000 resistance. Conversely, if BTC closes below $100,000, it may trigger another leg down, potentially testing the next support near $90,000.
Key Levels:
| Support 2 | Support 1 | Asset | Resistance 1 | Resistance 2. |
| $90,000 | $100,000 | BTC | $107,000 | $116,000 |
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