{"id":35867,"date":"2025-09-01T05:07:09","date_gmt":"2025-09-01T05:07:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/35867\/"},"modified":"2025-09-01T05:07:09","modified_gmt":"2025-09-01T05:07:09","slug":"bitcoin-btc-price-news-risks-sliding-to-100k","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/35867\/","title":{"rendered":"Bitcoin (BTC) Price News: Risks Sliding to $100K"},"content":{"rendered":"<p><strong>This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/strong><\/p>\n<p>Bitcoin <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" rel=\"nofollow noopener\" target=\"_blank\">BTC$111,846.73<\/a> has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000.<\/p>\n<p>The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed spot exchange-traded funds (ETFs) bled $751 million, according to data source <a href=\"https:\/\/sosovalue.com\/assets\/etf\/Total_Crypto_Spot_ETF_Fund_Flow?page=usBTC\" target=\"_blank\" rel=\"nofollow noopener\">SoSoValue<\/a>.<\/p>\n<p>The recent price drop saw bitcoin break below several key support levels, including the Ichimoku cloud, and the 50-day and 100-day simple moving averages (SMAs). It also pierced crucial horizontal support zones formed by the May high of $111,965 and the December high of $109,364, according to the daily chart sourced from TradingView.<\/p>\n<p><img alt=\"BTC's daily chart. (TradingView\/CoinDesk)\" loading=\"lazy\" width=\"2854\" height=\"1402\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-md\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/png;base64,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&quot;)\"  src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/1756703229_359_image\"\/><\/p>\n<p>BTC&#8217;s daily chart. (TradingView\/CoinDesk) <\/p>\n<p>These breakdowns underscore growing market weakness, confirming a bearish shift in key momentum indicators such as the Guppy Multiple Moving Average (GMMA) and the MACD histogram.<\/p>\n<p>The short-term exponential moving average (EMA) band of the GMMA (green) has crossed below the longer-term band (red), signaling a clear bearish momentum shift. Meanwhile, the weekly MACD histogram has dropped below zero, indicating a transition from a bullish to a bearish trend.<\/p>\n<p>Together, these signals indicate a likelihood of a sustained sell-off, potentially driving the price down to the 200-day simple moving average (SMA) at $101,366, and possibly to the $100,000 mark.<\/p>\n<p>The negative technical outlook aligns with seasonal trends, which show September historically as a bearish month for bitcoin. Since 2013, BTC has delivered an average return of -3.49%, closing lower in eight of the past 12 September months, according to data from Coinglass.<\/p>\n<p>As for bulls, overcoming the lower high of $113,510 set on Aug. 28 is crucial to negating the bearish outlook.<\/p>\n<p><img alt=\"BTC's daily and weekly charts. (TradingView\/CoinDesk)\" loading=\"lazy\" width=\"2860\" height=\"1402\" decoding=\"async\" data-nimg=\"1\" class=\"rounded-md\" style=\"color:transparent;background-size:cover;background-position:50% 50%;background-repeat:no-repeat;background-image:url(&quot;data:image\/png;base64,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&quot;)\"  src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/1756703229_525_image\"\/><\/p>\n<p>BTC&#8217;s daily and weekly charts. (TradingView\/CoinDesk) <\/p>\n<ul class=\"unordered-list\">\n<li><strong>Support: <\/strong>$105,240 (the 38.2% Fib retracement of the April-August rally), $101,366 (the 200-day SMA), $100,000. <\/li>\n<li><strong>Resistance: <\/strong>$110,756 (the lower end of the Ichimoku cloud), $113,510 (the lower high), $115,938 (the 50-day SMA).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$111,846.73 has breached&hellip;\n","protected":false},"author":2,"featured_media":35868,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[27844,79,18,19,17,188,7964],"class_list":{"0":"post-35867","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin-etf","9":"tag-business","10":"tag-eire","11":"tag-ie","12":"tag-ireland","13":"tag-markets","14":"tag-technical-analysis"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=35867"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/35867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/35868"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=35867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=35867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=35867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}