Bitcoin Slides to $105K After Resistance Rejection as 'Death Cross' Looms

Why It Matters

A confirmed death cross could pressure crypto investors and trigger further sell‑offs, while a breach of the $100,000 support may deepen market weakness, affecting liquidity and sentiment across the broader digital‑asset sector.

Summary

Bitcoin fell to about $105,000 after failing to hold above the $107,250 resistance that was previously support, confirming a bearish breakdown in Asian trading. The move reinforces the approach of a “death cross,” where the 50‑day simple moving average is set to slip below the 200‑day SMA, a pattern often linked to extended downtrends. However, the past three death crosses in 2023‑2025 proved false, so the signal remains uncertain. Analysts say the next decisive level is the $100,000 support; a clear break above $107,250 would be needed to revive the bullish case.