A lot can change in the cryptocurrency markets in the span of just ten days, a fact that has been clearly demonstrated since October 10. At that time, Bitcoin (BTC) traded confidently above $120,000, following yet another all-time high at $126,000. The overall sentiment was evidently bullish as Uptober had just started, and massive price predictions were circulating widely.
Then, all hell broke loose on October 10 when BTC plunged by up to $20,000 on some exchanges, bottoming out at $101,000 on Binance. Although Bitcoin bounced back immediately after clearing billions in over-leveraged positions, its recovery attempts stalled at $116,000. The bears returned on October 17, driving renewed selling pressure.
As reported yesterday, Bitcoin experienced another volatile rollercoaster ride, dropping under $104,000 this time. Positive news from Trump regarding the US-China tariff front brought some relief, with BTC since stabilizing around $107,000.
### What’s Next for Bitcoin?
Analysts are quick to offer differing opinions on Bitcoin’s path ahead.
**Reclaim These Levels**
Satoshi Flipper, analyzing the lower timeframe (1-hour chart), stated that “the market would really love for BTC to reclaim $108K and break through this LFT falling wedge resistance.”
Meanwhile, Michaël van de Poppe highlighted another key level for Bitcoin to reconquer: $110,000. He pointed out that liquidity has recently dried up, making all-time high levels currently out of reach. However, if BTC breaks past $110,000, the broader market structure could improve immediately.
**And If Not?**
On the flip side, Crypto Tony warned that Bitcoin remains in significant danger of falling below the crucial $100,000 level, a sentiment echoed by many in a recent poll report. He envisions another wave downward, particularly if BTC fails to stage a quick and decisive rebound.
In Crypto Tony’s more bearish scenario, Bitcoin could drop as low as $95,000 or even $91,000 before finally finding a bottom.
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### Related Reads:
– [Was Bitcoin’s $126K Peak on October 6 the Final Top of This Cycle? (Poll)](#)
– [Extreme Fear Creeps Back Into the Crypto Market as Bitcoin Tanks by $20K in Days](#)
– [Bitcoin Price Reacts Immediately as Trump Says Tariffs on China Won’t Stand](#)
https://cryptopotato.com/is-91k-next-for-bitcoins-price-if-it-fails-to-reclaim-this-crucial-resistance/
