Bitcoin Plummets Below $100K: Bearish Momentum Fuels Crypto Crash

The Bitcoin price has experienced a sharp decline, nearing the crucial psychological and technical level of $100,000. Over the past 48 hours, BTC has dropped from around $107,000 to just above $100,000, breaking through key support levels of $104,000 and $106,000. This recent market action is further reflected in a confirmed bearish crossover on the 9-day and 21-day moving averages, both now below the 200-day SMA at $109,000. The current momentum shift confirms a downturn in the short-term.