Though the Bitcoin bull run has been persistently interrupted by recurring worth dips, the main cryptocurrency has now held above the $100,000 mark for 142 consecutive days.
Whereas this appears spectacular, this report is on the verge of closing, in accordance with a Bitcoin worth prediction issued by crypto analyst Ali Martinez.
The analyst shared a chart exhibiting Bitcoin hovering round $109,300 as of September 26 — a major pullback from current highs witnessed above $116,000.
Marked by historic worth actions, the chart highlights $107,200 as an necessary assist degree for Bitcoin, which might decide its subsequent worth transfer.
Bitcoin to retest $100,000?
In response to the analyst, Bitcoin is prone to retesting its six-figure streak if the main cryptocurrency closes beneath the $107,200 assist degree. The analyst emphasised {that a} dip beneath this assist degree may see Bitcoin retest $100,000 or probably fall as little as $93,000 — a degree not seen since Might 2025.
As of writing, Bitcoin is buying and selling round $109,033 — a notable lower of two.07% during the last day, in accordance with information from CoinMarketCap.
Whereas the asset exhibits no signal of a potential resurgence quickly, market watchers are anxious that Bitcoin is near breaking the required assist zone, placing it prone to retesting $100,000 once more.
Notably, Bitcoin’s resilience above $100,000 for the final 142 days is attributable to rising institutional curiosity and constant inflows recorded by the spot Bitcoin ETF.
Nevertheless, current market tendencies present the main cryptocurrency dropping momentum amid excessive profit-taking actions amongst holders and rising trade inflows, which recommend that merchants are starting to train warning.
Though massive companies like MicroStrategy and BlackRock have remained resilient of their Bitcoin accumulation methods, the Bitcoin ecosystem remains to be confronted with excessive promoting stress, inflicting its worth to fall beneath earlier lows.
Nonetheless, analysts have recommended {that a} decisive maintain above $107,200 might restore confidence within the Bitcoin ecosystem, permitting the cryptocurrency to keep up its shut above $100,000 and probably by no means retest that degree once more.