Bitcoin’s Drama Unfolds: Can These 3 Price Floors Save Us from a Meltdown?

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Markets

What to know:

  • BTC starts the week with a sad face, dipping below $112,000 like it’s on a diet.
  • Experts are getting their magnifying glasses out to focus on three critical price levels that could determine if BTC gets a hug or a smack.

As Bitcoin’s (BTC) sell-off is gaining momentum faster than a toddler on a sugar rush, the experts are now zeroing in on three vital price floors that might just decide if the cryptocurrency’s fate is a glorious comeback or a slow-motion disaster.

The first “biggie” is $112,000. Swissblock Technologies is waving this flag, saying, “If BTC can hang onto $112,000 like that one friend who always says they’ll ‘buy dinner next time,’ it might just have a fighting chance.” This company’s Bitcoin Risk Index is doing its best to sound like it knows what’s going on, and while it’s warning us about market volatility, it’s holding steady with a “there’s hope!” vibe.

On Monday, the Risk Index was practically giving Bitcoin a motivational speech, despite it dipping 1.7% to $112,600 in the past 24 hours, briefly hitting $111,717 (it’s okay, BTC, we’ve all been there).

Swissblock, ever the party pooper, also pointed out that $110,000 is the “lifeline support.” Historical charts reveal that in December-January, BTC was struggling harder than a toddler trying to tie their shoes when it dipped below this level. So yeah, it’s a pretty big deal.

Now, brace yourselves for the third crucial level: the “short-term holder cost basis” sitting at $111,400. This number is like the battlezone where bulls and bears wrestle for control. If BTC can keep its head above this, things might be looking up. But if it dips below, we’re looking at more drama than a reality show finale. You know the drill: prices above it = bullish vibes, below it = panic mode.

Analytics firm Glassnode is basically sending a telegram saying, “If BTC stays below this number for too long, we might just see a bearish market structure.” And no one wants that. Trust us.

So, there you have it: three price floors ($110,000, $111,400, and $112,000) that Bitcoin is clinging to like the last slice of pizza at a party. Everyone’s watching as BTC tries to keep its cool during this rollercoaster of a ride. Let’s hope it doesn’t crash, folks. 🍕

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2025-09-23 08:38