Bitcoin Plunges to $101,000 – 2.21% Drop Shakes Crypto Market as MACD Signals Bearish Trend

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Bitcoin Plunges to $101,000 – 2.21% Drop Shakes Crypto Market as...

Svetlana Petkova
4 November, 2025, 19:26
156

Bitcoin Plunges Below $101,000 as Market Sell-Off Intensifies

In a dramatic turn of events, Bitcoin (BTC) has crashed to $101,112.6, marking a sharp 5.74% decline in the past 24 hours, according to real-time market data. The world’s leading cryptocurrency is now trading at its lowest level in weeks, down from a recent high of $107,634.9, signaling growing bearish momentum.

The steep drop comes amid heightened volatility, with BTC shedding over $6,500 in a single day. Trading volume remains elevated at 206.8K BTC (approximately $21.62 billion USD), reflecting intense market activity as traders react to the downturn.

Technical Indicators Flash Warning Signs

DIF: -1,866.9

DEA: -1,269.9

MACD: -597.0 (bearish crossover confirmed)

RSI (6): 18.7 — entering oversold territory, suggesting potential exhaustion among sellers but also room for further downside before a rebound.

Stochastic oscillators show %K at 21.5 and %D at 34.5, reinforcing short-term weakness.

Price Action: Breakdown Below Key Support

Hedera (HBAR) Price Plunges 6%: Bearish Channel Signals Potential Drop to $0.142

Bitcoin has breached critical support near $107,000, with the next major level at $100,725 now under threat. The daily chart reveals a series of lower highs and lower lows, confirming a downtrend that began earlier this week.

Analysts are closely watching the $100,000 psychological barrier — a break below could trigger accelerated liquidations and push BTC toward $95,000 or lower.

What’s Driving the Sell-Off?

While macroeconomic uncertainty, profit-taking after the recent rally, and leveraged position unwinding appear to be key factors, the speed of the decline has caught many off-guard. Institutional inflows have slowed, and on-chain data shows increased transfers to exchanges — a classic precursor to selling pressure.

Trader Sentiment: Fear Grips the Market

The crypto fear and greed index (not shown) is likely deep in extreme fear, as retail and institutional participants alike scramble to assess the damage. Short-term holders are underwater, while long-term bulls face their first major test since the post-halving recovery.

What’s Next for Bitcoin?

Bearish scenario: A close below $100,725 could open the door to $95,000–$97,000.

Bullish case: Oversold RSI and high volume may spark a relief rally if buyers step in near $100,000.

For now, caution dominates. Traders are advised to watch volume profiles and order book depth around round numbers.

Stay tuned — the crypto market never sleeps.

Svetlana Petkova publication: "Bitcoin Plunges to $101,000 – 2.21% Drop Shakes Crypto Market as MACD Signals Bearish Trend" was written for 24crypto.news