Bitcoin has dipped to four-month lows below $98,900, signaling the potential entry into a broader market downturn. Onchain data suggests this shift as key support levels come under pressure. Analysts point to several indicators highlighting Bitcoin’s move towards a bear market, including declining funding paid by longs in perpetuals and increased selling pressure. While some believe it is just a short-term correction, the confluence of these factors paints a picture of a potentially bearish trend. Key support levels around $100,000 remain important for immediate stabilization. As Bitcoin moves below this level, analysts warn about the possibility of further declines. The article examines these key levels and analyzes how they may shape the future price action of Bitcoin.