Analysts say Bitcoin may need to fall into the $104,000–$105,000 zone for the market to reset. Such a move would likely trigger heavy liquidations, hitting leveraged traders, company treasuries and derivatives desks. The goal is a shift of coins from weak to strong hands before any rebound.
Charts highlight $104,000–$105,000 as both technical support and a psychological round number, a confluence where forced selling and price resets often meet. Roughly $11.5 billion of positions have been wiped out recently, underscoring how much borrowed money remains in play. The Fear & Greed index sits at 29 (“fear”), a reading some traders treat as a buy signal.
The 50-week average price is pulling the market toward it, a level that often holds before a lasting bounce. The report recalls Tesla’s 2022 Bitcoin sale as an example of poor timing, while ETF inflows keep rising, viewed as a new source of steady demand.
A key moment in the Bitcoin market
One line repeats throughout the analysis: a “final flush” to $104,000–$105,000 should mark the last rinse before the next leg up. Liquidation means an exchange closes a leveraged trade because the collateral is too small.
Targets vary by horizon: near-term quotes for October 2025 sit around $118,833, bolder guesses for 2025 reach $150,000–$300,000, and long-term figures for 2030–2050 range from $512,100 up to $2.5 million.
The next checkpoint is October 2025 with a mid-range target near $118,833, a date that could confirm whether the drop served as the floor for a fresh uptrend. Related, Bitcoin’s share of total crypto value might reset, potentially setting the stage for a later rally in smaller coins.
