Bitcoin’s price has dipped below the crucial $100,000 mark for the second time this week, signaling a renewed bearish trend in the cryptocurrency market. This decline comes as sentiment remains extremely negative, prompting even optimistic analysts to express concerns about Bitcoin’s future trajectory. Analyst Merlijn The Trader, known for his contrarian predictions, has issued a stark warning regarding a line in the chart that could signal a major downtrend. He believes this specific point of resistance represents a crucial turning point, potentially leading to a sustained bear market. His prediction comes as Bitcoin’s price was recently halted at just over $104,000 before plunging to $100,500 yesterday and briefly falling below the $99,700 mark. While it has remained within the six-figure range for some time, the asset experienced a notable dip on Thursday, dropping to $99,700 on Bitstamp. 2025 marks the beginning of yet another downward trend for Bitcoin. Altcoin Sherpa echoed this sentiment, expressing concern over the stability of the $100,000 support level and suggesting that a continued decline could push the cryptocurrency towards the low $90,000 mark. The decline in Bitcoin is also reflected in the performance of altcoins, with Ethereum falling by more than 5% in the past 24 hours, approaching its previous low of $3,200. XRP has followed suit, dipping below the $2.20 support after a similar daily drop. Similarly, SOL, WBT, and HYPE experienced significant corrections. Over-leveraged traders have been significantly impacted, with over 220,000 such participants facing substantial losses in the past day. The total value of liquidations has surged to nearly $700 million, with a single liquidation on Hyperliquid exceeding $15 million in value.