What BTC’s 100-Day Breakdown Means for the Market
Bitcoin (BTC) slipped 1% to $109,172 and, for the first time since April, broke below its 100-day simple moving average (SMA) — a widely watched technical level that often acts as trend support. The decline, confirmed by a drop through the Ichimoku cloud, points to fading momentum and potential for further downside.
Traders are now watching $105,390 (a Fibonacci retracement level) and the 200-day SMA near $100,928 as next supports. Resistance sits at $111,592 and $117,416.
Other tokens are holding up better: XRP trades above its SMA but lacks direction, while ETH and SOL remain firmly above both SMA and cloud supports. This leaves them better positioned if the market stabilizes.
