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Monitor These Critical Bitcoin Price Levels After Cryptocurrency Drops Below $110,000
Yahoo Finance·2025-09-26 18:20

Source: TradingView.com Key Takeaways Bitcoin has tumbled this week, a move that kicked off Sunday, when over 1.5billioninleveragedlongpositionsinthecryptocurrencywereliquidated.Sinceabearishengulfingpatternmarkedthedigitalassetsrecordhighlastmonth,thepricehastrendedlowerwithinanorderlydescendingchannel,recentlyfallingbelowthe50daymovingaverage.Investorsshouldwatchmajorsupportlevelsonbitcoinschartaround1.5 billion in leveraged-long positions in the cryptocurrency were liquidated. Since a bearish engulfing pattern marked the digital asset's record high last month, the price has trended lower within an orderly descending channel, recently falling below the 50-day moving average. Investors should watch major support levels on bitcoin's chart around 107,000 and $102,000, while also monitoring ...