Crypto Market Shake-Up: What's Next for Bitcoin and Altcoins?

The crypto market is feeling the heat as Bitcoin (BTC) drops below the big $100, 000 mark. This move has sparked fears of a deeper sell-off, with BTC potentially heading toward $87, 800. It's not just Bitcoin feeling the pressure; many other major cryptocurrencies are also struggling to hold their ground. Bitcoin's recent weakness has pushed the Crypto Fear & Greed Index into "extreme fear" territory, hitting a low not seen since March. Some experts believe this could be a sign that the market is nearing a turning point. They suggest that a strong rally could happen soon, especially if weaker investors start selling off their holdings. Looking at the charts, Bitcoin is facing strong resistance at the $100, 000 level. If it can't bounce back above this point, the downward trend could continue. Support levels at $92, 000 and $87, 800 are the next key points to watch. For a real change in trend, Bitcoin would need to climb back above $107, 000. Ether (ETH) is also under pressure, with sellers pushing the price below $3, 350. If this trend continues, ETH could drop to $3, 050 and even lower to $2, 500. On the flip side, if buyers can push ETH above the 20-day moving average, there's a chance it could rally back up to $3, 930. Other cryptocurrencies like XRP, BNB, and Solana are facing similar challenges. XRP is struggling to stay above $2. 06, while BNB is eyeing a critical support level at $860. Solana has already broken below $145 and could be heading toward $110. Dogecoin (DOGE) is hovering near the lower end of its range, with buyers defending the $0. 14 support level. If this level breaks, DOGE could drop to $0. 10. Cardano (ADA) is also under pressure, with buyers trying to hold the $0. 50 level. A break below this could see ADA fall to $0. 40. The overall sentiment in the crypto market is negative, but some experts believe this could be a buying opportunity. They argue that stronger investors will start scooping up coins sold by weaker hands, leading to a potential rally.