Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I’m getting there.
The crypto market opened the week on shaky ground, with Bitcoin (BTC) struggling to defend the $107,000 support zone. One analyst has warned that a bearish divergence that has been forming for weeks continues to pressure the price.
For now, Bitcoin’s saving grace is the $107K-$108K golden pocket. Buyers have been stepping in to defend this zone, keeping the market from breaking down further.
If BTC loses this support on a daily close, the picture changes quickly. A breakdown would likely flip this zone into resistance, leaving $103.5K as the next short-term cushion. If selling accelerates, next targets are between $101K and $98K.
On the other hand, if Bitcoin manages to bounce, the road higher will not be easy. $109K-$110K is the first hurdle, followed by $112K, $114.5K, and $117K. Unless BTC clears those levels, every bounce risks being just another lower high in a weakening trend.
Liquidation data adds another layer of concern. While there are liquidity pockets around $107K and $119K, the largest cluster sits far below current levels at $91K-$92K.
This does not guarantee that Bitcoin will crash that far, but in stressed markets, price tends to hunt liquidity. If bearish pressure builds, one cannot rule out a deeper correction.
There is one silver lining. Bitcoin’s weakness has given altcoins a chance to shine.
The Bitcoin dominance chart shows a continued pullback, meaning altcoins like Ethereum (ETH) and XRP are holding ground better than BTC. Ethereum remains locked in a sideways range, while XRP is clinging to a supportive trendline that has so far kept bears in check.
As long as Bitcoin dominance keeps sliding, altcoins could outperform on a relative basis even if the broader market remains sluggish.
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