Bitcoin $100,000 Rejection Triggers Sell-Off – Key Support In Sight

Name	Symbol	Market	Market Cap ($)	Algorithm
TRON	TRXUSD	Crypto	20,555,903,468	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TRON

TRXUSD

Crypto

20,555,903,468

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.005961	-2.45%	0.237372	0.237373	0.237449

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.005961

-2.45%

0.237372

0.237373

0.237449

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.244234	0.237211	0.243333	0.243333	0.077142 - 0.449994

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.244234

0.237211

0.243333

0.077142 - 0.449994

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	11:24:34	12.00	0.237372	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

11:24:34

12.00

0.237372

USD

Price x Volume	Volume	Base Symbol	Related Pairs
111,840.62	464,300.99	TRX	TRXEUR	TRXGBP	TRXBTC

Price x Volume

Volume

Base Symbol

Related Pairs

111,840.62

464,300.99

Bitcoin $100,000 Rejection Triggers Sell-Off – Key Support In Sight

09/02/2025 2:00am

NEWSBTC

Bitcoin attempt to sustain momentum above the highly anticipated $100,000 mark has faced stiff resistance, leading to a sharp pullback. Its rejection at this psychological level has fueled bearish pressure, pushing BTC into a corrective phase as sellers take control. Now, all attention turns to key support zones that could determine whether Bitcoin stabilizes or extends its decline. BTC might see a strong rebound if buyers step in at critical support levels, reigniting bullish momentum. However, a failure to hold above these zones may open the door for further downside, potentially testing lower price levels. As uncertainty looms, Bitcoin’s next move will be pivotal in shaping its short-term trend. Bearish Pressure Mounts As Bitcoin Struggles To Hold Gains Bitcoin is currently experiencing strong bearish pressure, approaching the $93,257 level while trading below the 100-day Simple Moving Average (SMA). This downward move reflects weakening momentum as sellers continue to dominate price action. Its inability to break above the $100,000 mark and reclaim the 100-day SMA suggests that BTC may remain vulnerable to further declines unless buyers step in at key support levels. Related Reading: Bitcoin 4-Hour RSI Hits Oversold Zone – Is A BTC Rebound Near? The downward movement suggests a shift in market sentiment, with declining bullish strength and increased volatility. If Bitcoin fails to stabilize near $93,257, it could open the door for more downtrend, testing lower support levels. However, a strong defense by buyers at this range would signal a reversal attempt, offering a chance for Bitcoin to reclaim lost ground and regain its uptrend. Furthermore, Bitcoin’s Relative Strength Index (RSI) is also gaining bearish traction declining from the neutral territory toward the oversold zone. This shift suggests weakening buying pressure, allowing sellers to dictate price action. A continued drop in the RSI could reinforce the downward trend, signaling the potential for further declines if bearish sentiment persists. Nonetheless, if the RSI approaches oversold conditions, it may indicate that Bitcoin is nearing a point of exhaustion, where buyers could step in to trigger a short-term rebound. The next few trading sessions will be crucial in determining whether Bitcoin finds support or extends its decline under mounting bearish pressure. What’s Next For Bitcoin? Critical Levels To Watch Bitcoin’s recent rejection at $100,000 has put key support levels in the spotlight as bearish pressure intensifies. The $93,257 level now serves as a crucial test—holding above it is likely to signal a possible bounce, while a breakdown may accelerate losses toward lower support zones. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Should the price drop below the crucial $93,257 support level, bearish momentum could accelerate, increasing the likelihood of a deeper correction. Such a breakdown may trigger further selling pressure, pushing Bitcoin toward the next key support zone at $85,211. However, if Bitcoin holds above the $93,257 support level, it could trigger a rebound toward the $100,000 mark. A breakout above this key resistance bolsters upside movement, paving the way for gains. Featured image from Adobe Stock, chart from Tradingview.com

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