Bitcoin Price Volatility: Analysts Warn of Potential Drop Below Key Support as Market Reacts to US-China Trade Tensions
Bitcoin (BTC) is facing heightened market volatility, with multiple crypto analysts warning of the potential for a significant price correction. Initially, Justin Bennett highlighted that a break below key support levels around $106,000 could trigger a double-digit percentage decline, citing technical factors and rising USDT dominance as bearish indicators for both Bitcoin and Ethereum (ETH). Later, Altcoin Sherpa suggested, albeit jokingly, a possible drop to $50,000 by year-end, while still expressing caution amid ongoing market uncertainty. Recent sharp price movements were partly attributed to US-China trade relations commentary from Donald Trump, causing Bitcoin to fall from $106,000 to as low as $103,100, with current support around $104,000. Another analyst, Titan of Crypto, identified further downside risk toward the $102,700 area if these support zones fail. Both analysts emphasize the risk of increased selling pressure and further decline should critical levels be breached. At present, Bitcoin trades near $103,700, down 2% over the past 24 hours. Crypto traders are advised to monitor support zones, key technical indicators, and global macroeconomic events closely for trading opportunities. The primary keywords are ’Bitcoin price crash’, ’market volatility’, and ’cryptocurrency’.
Bearish
Both summaries underscore a bearish outlook for Bitcoin, as multiple analysts warn of substantial downside risk if current support levels are breached. Technical analysis highlights looming selling pressure, with recent macroeconomic and geopolitical developments—particularly US-China trade tensions—contributing to uncertainty and price declines. The increase in USDT dominance and caution from top analysts suggest capital is rotating out of cryptocurrencies, reinforcing negative sentiment. Unless Bitcoin regains lost support zones, the market is likely to see further declines and heightened volatility, marking a bearish environment in both the short and potentially medium term.