Bitcoin’s Support Levels: Is $100K Really the Line in the Sand?

by

Well, well, well, Bitcoin has finally dropped below the mythical $100,000 mark a couple of times this week, and you can practically hear the collective gasp of every market enthusiast who thought this day would never come. It’s the first time since June, and it has left a fair number of people wondering, “Is the bull market really a thing, or was it all just a fever dream?”

Enter Ali Martinez, the analyst with the answers (or at least, some numbers to point at), who has laid out the crucial support levels if Bitcoin’s fall continues, and the $100K support turns into a distant memory of a wild and crazy time in the market.

Here are the three key support levels to watch, according to Martinez’s “Pricing Bands”:

• $98,340

• $75,475

• $55,980

– Ali (@ali_charts) November 7, 2025

Now, before you panic and start selling your kidney on the black market, let’s take a moment. The first support level, $98,340, was actually tested during Tuesday’s crash when BTC dipped below $99,000. Spoiler alert: it managed to hold, just like that one friend who always insists they’re “good” after a few too many drinks. But, if it breaks through, well, then we’ve got some serious distance to cover before we hit those next levels-basically, a free fall into the abyss.

But don’t start crying into your coffee just yet! There’s some silver lining, or at least a glimmer of it. Data from CW shows that demand for Bitcoin has popped back up, like a cat that was napping but now suddenly remembers it’s dinner time. The graph below shows that after every big drop in demand, Bitcoin has managed to pull off a spectacular recovery. Could this mean good news for BTC? Maybe-maybe not. But at least there’s hope.

The apparent demand for $BTC has turned positive again.

The market sentiment is shifting. Buying demand is picking up.

– CW (@CW8900) November 8, 2025

If Bitcoin does manage to find its footing and start climbing again, the first major hurdle to watch for is $106,000. If it manages to break that barrier, the next major milestone is $111,600, which, according to Martinez, is going to be a tough nut to crack. Why? Because there’s a whole cluster of Bitcoin sitting there, bought up at those levels-140,000 BTC, to be exact. That’s one heck of a roadblock.

As of now, Bitcoin is just sort of hanging out at around $102,000. It’s like that person at a party who refuses to leave the couch but isn’t exactly mingling either. It’s seen a 17.5% decline over the past month, and its market cap has fallen to $2.030 trillion, dipping below that all-important $2 trillion level. But hey, we’ve all been there, right? Just a little slump before the next big party.

Read More

2025-11-08 18:11