BREAKING News: Bitcoin Crashes Below $100,000 as Panic Selling Intensifies
Bitcoin has fallen below its critical psychological support level of $100,000, leading to market panic, liquidations, and a sharp selloff. Currently trading at around $98,500, major resistance at $104K–106K was rejected, confirming strong bearish sentiment. The breach of the $100K level triggered heavy sell-side pressure and imbalance in the order book, with key support zones outlined at $98,300, $96,000–$95,500, and $92,000–$90,000 for potential recovery. Market sentiment has turned fearful, but long-term structural demand and whale accumulation could indicate possible recovery opportunities.
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Bitcoin Breaks $100K: Market Shock and Psychological Impact
Bitcoin has officially broken below the $100,000 psychological support, causing widespread alarm in the crypto market. The 4-hour chart highlights a sharp rejection from the $104K–$106K resistance zone, followed by a steep selloff once BTC slipped under the critical yellow support area.
Now trading around $98,500, fear is rising among traders as they attempt to reassess the risks of further downside. This significant milestone break has triggered panic selling, liquidations, and a visible imbalance in the order book, as reflected in the depth chart.
Resistance Rejection: Signs of Bearish Dominance
On the 4-hour chart, Bitcoin attempted to reclaim the $104K–$106K zone, but a strong rejection—highlighted by a yellow arrow in the analysis—confirmed seller dominance.
- Moving averages (9/21 EMA cross) signal ongoing bearish momentum.
- After failing the resistance, the price swiftly accelerated towards the next major support at $100K.
Breaking $100K Support: Chaos Unleashed
The $100,000 level, a long-tested horizontal support, acted as a:
- Psychological barrier
- Liquidity magnet
- Momentum pivot
When the price broke below this range, the market reacted violently, resulting in mass panic, liquidations, and a rapid selloff. Momentum indicators, such as the Stoch RSI, are now diving into oversold territory. While this suggests short-term exhaustion, it may not be enough to prevent further downside if sell pressures continue.
Depth Chart Analysis: Imbalance Revealed
A detailed look at the depth chart shows:
- Massive buy liquidity (green zone) from $99K to $95K has been wiped out.
- Sell walls (red zone) are thick around $102K–$105K, exerting strong bearish pressure.
This has led to a severe order book imbalance:
- Buy-side liquidity: Concentrated between $98K–$96K, thinning significantly near $100K.
- Sell-side liquidity: Heavy resistance starting above $102K, preventing a quick recovery.
The imbalance confirms stronger sellers over buyers, indicating BTC may struggle to reclaim $100K immediately.
Price Predictions: Key Levels to Watch
Downside Support Levels:
🔻 $98,300: First bounce zone, showing a large liquidity pocket in both the trading and depth charts. 🔻 $96,000–$95,500: Stronger support zone with buy liquidity. 🔻 $92,000–$90,000: A deeper liquidity target if panic selling triggers further crashes.
Upside Recovery Targets:
🔼 $102,000–$103,500: Initial resistance zone, aligning with the 21 EMA and sell wall. 🔼 $104,000–$106,000: Key area of rejection; flipping this level is critical to restore bullish momentum. 🔼 $108,400: Major resistance corresponding to the 200 SMA on the 4-hour chart, confirming broader trend strength if reclaimed.
Market Sentiment: Fear and Opportunity
The break below $100K has led to:
- Mass liquidations
- Panic exits
- Social sentiment collapse
- Negative derivatives funding
However, from a macro perspective:
- BTC remains in a longer uptrend.
- $96K–$98K shows strong spot demand.
- Historically, whales accumulate during panic-driven shakeouts.
While short-term pain persists, long-term buyers might view this as a rare buying opportunity to capitalize on the dip.