Bitcoin Resilience Tested: Price Loses Key Support Band, Drop to $105,000 Likely


The crypto king has lost ground as bearish momentum strengthens, with limited support from macroeconomic conditions further worsening sentiment.

Bitcoin Faces Correction - Spot Bitcoin ETFs are playing a critical role in the current selloff, with significant outflows marking the week. Since Monday, the funds have recorded withdrawals totaling $226 million. This is a sharp reversal from the steady inflows seen earlier this month. Such moves reflect growing caution among institutional investors.

Beyond ETFs, broader signals are pointing toward more downside risk for Bitcoin. The Supply Quantiles Cost Basis Model shows BTC slipping under the 0.95 quantile band, an area closely watched by analysts. This range typically represents heavy profit-taking zones for long-term holders.

A sustained decline below this risk band would confirm bearish conditions. Historically, such moves have preceded steep drawdowns, putting price targets between $105,000 and $90,000 in play. With macroeconomic headwinds and cautious institutional flows, Bitcoin’s outlook leans heavily toward weakness.