{"id":60882,"date":"2025-10-10T04:15:57","date_gmt":"2025-10-10T04:15:57","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-as-bearish-data-sparks-a-10-price-dip-warning\/"},"modified":"2025-10-10T04:15:57","modified_gmt":"2025-10-10T04:15:57","slug":"bitcoin-drops-as-bearish-data-sparks-a-10-price-dip-warning","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-as-bearish-data-sparks-a-10-price-dip-warning\/","title":{"rendered":"Bitcoin drops as bearish data sparks a 10% price dip warning"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off.<\/li>\n<li>The market is showing signs of low volume and a lack of upward momentum.<\/li>\n<li>Key on-chain data shows a lack of bid support below the 120,000 dollar mark.<\/li>\n<\/ul>\n<p>The triumphant return of the bulls has proven to be a fleeting and fragile affair.<\/p>\n<p>Just as the market was beginning to celebrate a new era of price discovery, a wave of determined selling has sent Bitcoin tumbling back below the critical 120,000 dollar level, a brutal rejection that has the bears once again in control and raises the grim prospect of a much deeper correction.<\/p>\n<p>The sell-off, which has seen the leading cryptocurrency fall nearly 3 percent on the day, is a story of fading momentum and evaporating support.<\/p>\n<p>The recent all-time highs now feel like a distant memory as the market slices through the bid liquidity that had once held it aloft.<\/p>\n<h2>A market bracing for a deeper cut<\/h2>\n<p>The mood among seasoned traders has shifted from cautious optimism to a grim acceptance of a new, more bearish reality.<\/p>\n<p>The market is now at a critical inflection point, with the very support that was so hard-won now under a sustained and powerful assault.<\/p>\n<p>\u201cMarket does still quote bid liquidity around 121K-120K but what we need to see next is absorption of sellers to rule out a sweep lower,\u201d the popular trader Skew wrote in his latest market commentary on X.<\/p>\n<p>His short-term outlook was stark, adding that the market was \u201cquite likely to be dominated by new shorts opening.\u201d<\/p>\n<p>This view is being reinforced by the data.<\/p>\n<p>The trading resource Material Indicators highlighted that the market is now facing its \u201c3rd consecutive Daily support test at the trend line,\u201d a technical setup that suggests the bears are growing bolder with each attempt.<\/p>\n<p>Data from CoinGlass paints an even more worrying picture, showing a distinct lack of bid support much below the 120,000 dollar mark, while a wall of sell orders has multiplied overhead.<\/p>\n<h2>The return of the $108,000 ghost<\/h2>\n<p>This short-term weakness is taking place against a backdrop of a more troubling long-term picture.<\/p>\n<p>The veteran trader Roman warned his followers on X that the situation for Bitcoin remains tenuous, despite its recent record highs.<\/p>\n<p>\u201cA friendly reminder that we are once again printing more bearish divergences, low volume, &amp; lack of momentum on HTF. Both 1W &amp; 1M,\u201d he wrote, pointing to a series of classic warning signs that the rally is running out of steam.<\/p>\n<p>His conclusion is a chilling one for the bulls: the local range lows at 108,000 dollars, a level that has been a key battleground in the past, could soon come back into play.<\/p>\n<p>The king of crypto may have briefly touched the heavens, but the bears are now doing their best to drag it back down to earth.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-drops-as-bearish-data-sparks-a-10-price-dip-warning\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin has dropped below the key 120,000 dollar level amid a fresh sell-off. The market is showing signs of low volume and a lack of upward momentum. Key on-chain data shows a lack of bid support below the 120,000 dollar mark. [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":60883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60882"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=60882"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/60882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/60883"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=60882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=60882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=60882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}