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Ted Pillows, the analyst in query, has over 220,000 followers on the microblogging channel. He tweeted:
“$BTC has misplaced the $108,000 help stage.
Now there’s little to no help till $101,000-$102,000.
If Bitcoin manages to reclaim the $110,000 stage from right here, we might see a bounce again.
 
In any other case, count on extra ache earlier than aid”.
The tweet adopted by this graph:
In keeping with this graph, Bitcoin is prone to drop additional, and the bulls must defend the $101.4k help stage, which is predicted to be a serious focus for the buying and selling group. Even when the bear forces suppress this vital determine, there’s one other level to bounce again from @$98.2k. Nonetheless, after that, the bearish troops are prone to take over the proceedings in the interim.
Twitterati Reply
Twitter customers responded to the analyst’s take. Some customers consider that the brand new long-term bear market is true across the nook and that it could take a monumental effort to cease the brand new bearish momentum.
One tweeted:
“TED It’s clear we’ve entered the subsequent cycle. There’s now not any purpose to be bullish on BTC’s weekly or every day charts. The 200-day MA rebound is the one escape route. Maybe the latest gold worth surge pushed by risk-averse sentiment speaks volumes”.
One other quipped:
“$BTC construction is weak right here, misplaced 108K clear, and quantity confirms sellers nonetheless in management. However I’m not shopping for the complete doom name but. These ranges usually overextend earlier than reversing exhausting.
If we flush into 101-102K and wick again above 108K quick, that’s the lure setup I’d fade shorters on. In any other case, yeah, let it bleed. Higher to catch the reclaim than to knife-catch by liquidation land”.
The Future
Bitcoin is presently underneath a bearish spell, and the bullish morale has taken many huge hits over the past 10 days. From the $18 billion in derivatives liquidations to the latest worth drop under $108k, the speedy outlook will not be wanting encouraging. Regardless of this downturn, in line with a number of analysts, it’s much like earlier worth swings recorded within the digital foreign money’s historical past.
Nonetheless, the 2025 bull market has been largely underwhelming total, with blended indicators in all places. If the bull market is headed in the direction of an early, disappointing finish, it may well scale back investor confidence within the asset.
