Bitcoin fell under $109000

What’s everyone’s take on the current market? No matter what’s been going on, bitcoin managed to hold the $110000 mark until today. The next level of support looks to be around $107000/$108000, with the third at about $105000 and the last real line around $101000 before it potentially drops below $100000, which might not hold strong. Is this how it’s all gonna play out? Honestly, I’m not a fan of watching bitcoin drop like this.

Is easier to speculate but at the end we just have to align out thoughts and analysis based on recent bitcoin market behaviors this is why we cant be certain about whatever support price that we may speculate. But for me i think bitcoin will finish this week around $110k+ and in the next we may likely see a recovery so for that i think most of your support price as you speculated may not aligned with my own thoughts towards bitcoin in this time. Although the price is really acting unstable and with a bear tendency, but that doesn't take away the possibility of another recovery soon.

Honestly, no one would know we saw mixed price action last weekdays and a slight pump last weekend, but after entering last Monday, the price started to fall until now, when the price reached $107k. It seems that the market just wants to take the liquidity behind the $115k since most of the big liquidity is sitting there; it retested 2 times, and after that, the price dropped. Since the momentum is is still strong, my prediction until Friday is still bearish; we might see the price around $105k or $106k. If this price is ignored, then the next price would be around $103k. It's just my prediction, but if we check the bookmap, most of the liquidity is building up at $105k and $102k. If these are still ignored, the big liquidity is still sitting at $100k, so I don't think the price would go further below $100k unless the market wants to absorb them first before it would pump again.

If your speculation comes true, I'd wait until it reaches below $100,000 to buy more.   Bitcoin has proven its resilience, so it represents a great opportunity for me as a long-term investor, but of course that's just a prediction and isn't 100% accurate. In conclusion, for me personally, I'm not affected by market movements because I'm not in a position to sell. But I think Bitcoin will close this week in a bear market.

I thought Bitcoin would close the price for October without much change from the previous price, between $110k-115k. But it seems Bitcoin will not close this month with a good movement. However, let's wait and see whether this will be a short-term decline with a recovery happening soon, or on the contrary, a deeper continuous decline will occur.

I could be viewing the price of Bitcoin from different time period which might not be in line with the support levels that you have mentioned because you didn't specifically tell if you are making reference to the support zone on the monthly, weekly, daily chart but from one hour chart that I am watching from, I could see different supports and the closest which price is approaching is the $105k and $103, 600 and it seems to me that those two supports are going to be broken. The price will continue to fall for now from what am seeing.

Nobody likes to see the price of Bitcoin falling like this and this shows that they are dumping Bitcoin to create panic in the market. Should we be scared of a major bear market because of this dump? No, it happens almost every time they want to buy back price and reduce liquidity in the market. This will create panic for those that don't understand why price is falling but we need to be strong and focus on holding diligently. Blackrock is dumping BTC Bitcoin is @107k but I am not bothered about their dumps! Remain strong and resilient!

It turns out that after I opened the market, the price of Bitcoin was at $107k, which was a decline of around -4.19%. This decline shows that speculation about prices is not easy to predict. While many of us predicted that the price of Bitcoin in October would be Uptober, as of October 31, the graph showed a decline. I didn't panic because this situation will change again, and the current Bitcoin market situation proves that prices can change at any time. Moving forward, I think the market will continue to perform similarly. When it comes to investing, DCA remains the standard method to apply.

No one likes it but the market is already at a point where it either goes up one more time or for some time, or the market will just crash and go below $100K. The bitcoin bull run this season has achieved a remarkable success so far, so seeing the market plummeting to the bearish sides, it should not be too much of a surprise for us all. The bitcoin dominance will be lost and altcoins will take over but until then, let’s hope the market still holds up for sometime more and we get to see it reach another all time high before finally going into the bearish cycle which is the longer cycle in bitcoin cycle. I am keeping an eye on the $101K support, if it breaks it, that’s a signal for bearish market now upon us.

October is not Uptober. It started bullish at the beginning of the month... and ended bearishly with a nosedive to $106K and possibly even lower. I don't expect bitcoin to fall but what can be made if the market is difficult to predict, and he said Powell's statement was not so favorable ... whatever I don't know about this. But just expect in November there is a reversal again.

Cheer up, we don't really like to see it when it starts to fall. But look at the brighter side that it's still above $100k but whoever has bought at the price above the $106k are in loss. That's what they have to think of and so they are dismayed with the price actions that we're seeing. After the cut rate, we thought of it that the price will continue soar but it didn't. We've just come from $115k and thought of it will continue to do $120k but it didn't, that's okay. This is a normal volatility that we're seeing from Bitcoin.

This is so volatile that it's hard to really go with the flow. I feel like there was a lot of manipulation, and it has affected everything. There are factors in an economic society, and how they affect it as well. I'm curious whether ETF approvals or other regulatory updates could positively affect the price.

The current state of the market honestly feels like one of those moments where everyone’s holding their breath waiting to see what happens next bitcoin is sitting right around that critical support at $110k and so far it’s managed to hold on which shows there’s still some strength left in the bulls but at the same time the momentum is slowing down and you can feel that hesitation in the market traders are cautious investors are waiting and whales are quietly moving their coins around trying to see which direction will break first. If the price falls below $110k the next test will be around $107k to $108k which is where a lot of buyers are likely to step in again that range has acted as a safety net before so it wouldn’t be surprising if we see a short bounce from there but if that fails then $105k becomes the next important support level below that we’re really entering the danger zone around $101k because that’s where sentiment can shift very quickly and once it drops under $100k it could trigger panic selling which might send the market into a mini bearish phase or even the start of a bigger correction. But on the flip side if bitcoin manages to bounce and regain strength around these support levels it could easily push back above $115k and start consolidating for another leg up bitcoin has shown again and again that it doesn’t stay down for too long when the fundamentals are still strong and right now institutional interest remains high and new investors are entering every day. Corrections like this are healthy even though they don’t feel good when they happen they clean up the market remove weak hands and set up a stronger base for the next rally so personally i’m staying patient watching these key levels closely and if bitcoin dips to the lower supports it might actually be the perfect opportunity to stack more sats before the next big move because once the momentum flips bullish again it tends to happen fast and catch everyone off guard.

This will be very dangerous for those who are always in day trading because after all they will obviously have a little trouble determining the moment where bitcoin will go but for investors especially when the long term they always pay attention to I don't think they will have a big problem with the conditions that are happening now. Indeed, in the end the assets they have are shrinking but that goes back to the context of value because their bitcoins remain the same amount nothing changes and they just have to continue to hold for the goals they want to achieve. I personally for now am still enjoying whatever happens because after all making this into a panic is clearly going to make you disturbed in terms of mental and readiness but when we just enjoy the process because we realize that situations like this can happen then I think we will only remain comfortable with the current price volatility.

I remain very optimistic, and technically, Bitcoin is still in a recovery phase. I'm also very optimistic that Bitcoin's price can still break new records by the end of the year, and we could see bullish indicators in November. If Bitcoin's price returns to $115,000 in the next few days, there's a chance November will be a slightly better month for Bitcoin, and I hope so. However, if Bitcoin's price continues to fall near $100,000, there's a chance it could reach $90,000 next. The decline caused by global trade tensions, inflation, and recession fears has weighed on all risk assets, including Bitcoin. If trade tensions persist, this decline could continue, but I hope not.

The price dip to around 106,800 before it recovered to around 107k plus currently and this make me wonder alot what October have presented us with all this period, although we are going to end the month on a bear note even though we started the month with a bull market here we are right now facing reality with the bear market.

For the first time I got scared about the dip because the last push towards 115k was what I appeared to be the beginning of the rise. This drop is signalling that October is a negativeomth for Bitcoin, something I did not expect to see. If this dips persist, then it will be a little difficult to believe that we will still see a new ATH this year.

I always counted the area of significance as 108k but same difference in effect.   I only see a reason to fully be bearish if this level becomes the ceiling, its ok to fall down so long as you can get back up and BTC has looked to fall many times only to recover stronger.     Just watch how it develops here especially to end the week as that counts most, variance during the week can be wiped out later by another move but closing especially weak has to be dealt with somehow.   Also ending the day here is below the 200 day average so a very widely observed indicator and some fear in the market for sure with that movement.  105k I have drawn as support but watching in this area is proper anyway.

The way the Bitcoin market has started dumping, it is seen that it is moving step by step as you mentioned. Today we saw Bitcoin moving from $111,000 to $110,000, then from there Bitcoin moved from $109,000 to $107,000. Bitcoin is gradually decreasing like this, maybe we can see Bitcoin moving to $100,000 very soon. Such dumping of Bitcoin does not do anyone any good and makes everyone very worried. However, I think that if the market situation is like this in October, then the market situation will be even worse in November where our tension may increase further.

IMO this is a fake dump caused by the FED. There are two types of price crashes. The first one, real one, is bitcoin-induced. For instance bitcoin becomes really overbought after doing something like 10x in a year, like we saw in 2018. Or there's a collapse of a large exchange, or a large hack. Good examples here are the FTX collapse, Bitfinex hack, Mt.Gox and so on. These are definitely concerning situations that can start real bear markets. The second type of crash is caused by external factors that have nothing to do with bitcoin itself. A great example is the Covid crash, and I believe the recent crash caused by Trump's tariffs is exactly that. If we crash because of the FED, or something like North Korea attacking the South, you can be sure that it will not change bitcoin's goals. We are in a bull market and the FED will not change that. What could change it? For instance a bitcoin fork would probably scare people enough for us to turn bearish in the long run.