Bitcoin is down over $3000 or -3.10% and has now moved below the natural support at the $100,000 level. The low price reached $98,081. That was the lowest level going back to May 8. The price also fell below the June 22 low and $98,240.
Technically, the next adopt target comes in at $96,975. That level corresponds with the 38.2% retracement of the move up from the August 2024 low to the high price reached in early October 2025.
It can be hard to figure out why bitcoin goes higher or lower at times, but ‘risk-off’ is likely the excuse for the day. Why not?
