Is Bitcoin’s $100K Floor About to Break? Traders Sound the Alarm

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• Bitcoin steadies around $107K but faces bearish short-term pressure.
• RSI indicators hint at a possible rebound despite extreme fear levels.
• Key support at $105K could determine whether BTC retests $95K.

Bitcoin steadied near $107,000 heading into the weekend, offering brief relief after a volatile week. However, market sentiment remains tense as traders brace for another potential leg down, with some forecasting sub-$100,000 levels despite emerging bullish signals from technical indicators like the Relative Strength Index (RSI).

Market Pauses but Fear Persists

After a week of sharp losses, Bitcoin (BTC) slipped around 7%, marking its weakest levels in months. According to data from TradingView, price volatility cooled heading into the weekend, with BTC holding around $107,000. Yet, traders see little reason to relax.

Crypto analyst Crypto Tony suggested that another correction may be imminent, predicting a drop toward $95,000–$91,000 before a meaningful bottom forms. Despite this bearish near-term view, he framed the potential dip as part of a larger bullish setup — a shakeout before a rebound.

$BTC / $USD – Macro Update

It all lines up nicely across the board for another wave down. Bitcoin i see us dropping to $95,000, possibly testing the $91,000 region before we find a bottom

This again is the bullish case so have your USDT ready pic.twitter.com/Wu3Bilq1BJ

— Crypto Tony (@CryptoTony__) October 18, 2025

Key Support Levels and Stock Market Ties

Fellow trader Daan Crypto Trades noted that Bitcoin managed to recover slightly before Friday’s CME futures close, likely keeping prices steady through the weekend. The key support, he said, lies near $105,000, while a stronger rebound could depend on whether equities continue their recovery next week.

$BTC Did a good job recovering some ground on Friday before the CME close.

This makes it so we're likely to stick around this ~$107K level during the weekend.

Stocks ended up closing near their weekly highs as gold came off a bit.

For me BTC has to hold on to its ~$105K area… pic.twitter.com/nlD6cuQ3Ju

— Daan Crypto Trades (@DaanCrypto) October 18, 2025

The S&P 500 closed higher Friday at 6,664, regaining roughly half its prior week’s losses after U.S. President Donald Trump signaled that elevated tariffs on China may not last. Gold, meanwhile, retreated from record highs — a sign that some investors are rotating back into risk assets.

RSI Suggests a Rebound Could Follow

Despite the gloomy sentiment, Bitcoin’s RSI shows signs of a potential rebound. The daily RSI is at its lowest since April — a period that preceded a sharp price recovery — while shorter timeframes show a bullish divergence. This means that while prices made new lows, selling momentum weakened, often a precursor to a trend reversal.

The Crypto Fear & Greed Index fell to 22/100, indicating “extreme fear” for the first time since April — conditions that, historically, have often preceded market recoveries.

Also Read: Crypto Fear Index Crashes to 28 as $230 Billion Vanishes in a Day

Outlook: Calm Before the Next Move

With technicals hinting at a rebound but sentiment still bearish, Bitcoin appears caught between fear and opportunity. If equities strengthen and RSI signals play out, BTC could see renewed momentum. But for now, traders are watching $105,000 closely — a break below could set the stage for a test of $95,000.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.