Bitcoin (BTC) has once again fallen back to an important price level of $110,000, which has been tested several times in recent weeks. As long as BTC holds this level, sentiment remains relatively stable. However, if this support breaks, it could open the door to a larger correction towards $100,000 – with direct effects on the rest of the market.

BTC key price level remains under pressure

Around $110,000, a strong zone appears where buyers repeatedly step in. Almost daily, Bitcoin has tested this area, and bulls have managed to stabilise the price temporarily each time. This price level is seen by many traders as an important psychological and technical support zone. On one hand, it marks a cluster of previous local lows; on the other, it serves as a reference point for short-term traders looking for buying opportunities. However, the more a level is tested, the weaker it can become over time. At the top, $113,000 – $113,500 remains a clear resistance. Several attempts to break through have failed, indicating ongoing selling pressure. Yesterday, the price turned down again in this area, falling towards $110,300. After a small rebound to $111,500, it briefly touched $110,400. BTC is now back above $111,000, but volatility remains high.

What if the support breaks?

The market seems to be at a turning point: Losing the $110,000 support could see BTC drop towards $100,000. Breaking above $113,000 could create room for a rise to $116,000. At the time of writing, the price is around $111,161, roughly equivalent to €95,422. Over the past 24 hours, Bitcoin has fallen by approximately 1.1%.

Altcoins feel the pressure

While Bitcoin‘s decline is modest, altcoins are seeing heavier losses. Ethereum has dipped by around 2.65%, hovering near $4,000, while BNB has been slightly less affected, down just under 2%. Ripple (XRP) and Cardano (ADA) experienced more notable drops of 3.58% and 4.21%, respectively. Solana (SOL) and Chainlink (LINK) were hit hardest, each losing more than 5%. Many smaller coins also showed similar or larger declines. This pattern indicates caution in the market, with traders temporarily stepping back from riskier positions.

The Bitcoin price in the last 7 days. Source: TradingView

What does this mean for Bitcoin and altcoins?

The coming days could be decisive for market sentiment. Bitcoin continues to set the tone:

• If BTC holds support, the market could recover.
• If support breaks, a larger correction may follow, especially for altcoins.

For now, attention remains on price fluctuations between $110,000 – $113,000.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any decisions.