Bitcoin Price Struggles Below $100K as Market Enters Repair Phase

Bitcoin is attempting to stabilize after a sharp sell-off that erased weeks of bullish momentum and shifted market sentiment noticeably. The flagship cryptocurrency is currently trading in the high $80,000 range, well below the psychological $100,000 level that previously dominated investor narratives. From a technical and structural standpoint, the Bitcoin market is now in a repair phase rather than a confirmed uptrend, with traders remaining cautious about near-term price action.

The daily Bitcoin chart highlights the extent of recent damage. BTC decisively broke below the $100,000 support zone, lost both short-term and mid-term moving averages, and accelerated lower on increasing volume. This move flushed out leveraged long positions and forced late buyers to exit. Importantly, while the selling pressure has eased and price action has stabilized, this pause should not be mistaken for a trend reversal. Consolidation after a sharp drop often reflects uncertainty rather than renewed bullish control.

Bitcoin now faces significant resistance between $93,000 and $100,000, a zone that will act as a major test for bulls. Any rally into this range must be supported by strong volume and sustained buying interest. Without a decisive reclaim of these levels, upside moves are likely to be viewed as relief rallies within a broader corrective structure, rather than the start of a new bullish leg.

Momentum indicators reinforce this cautious outlook. The Relative Strength Index has rebounded from oversold conditions, signaling that aggressive selling has cooled. However, RSI remains relatively muted, suggesting that strong bullish momentum has yet to return. This technical setup leaves the market vulnerable to either consolidation or another downward move if a catalyst fails to emerge.

Market sentiment further supports a guarded stance. Data from the regulated prediction market Kalshi indicates that traders are not expecting a swift return of Bitcoin to $100,000. While this does not rule out a future move back to six figures, expectations have clearly shifted. Bitcoin’s path forward now depends on confirmation, not assumptions, as investors wait for stronger signals before committing to renewed upside.