Bitcoin has broken an important support level and the chart you shared clearly shows a shift from an uptrend into a downward trend. The price has now fallen below the key support zone near 106337 and is trading around 95893 which signals weakness in the market.
Below is a full deep explanation you can directly use in your blog.
Bitcoin Price Chart Breakdown
Your chart shows Bitcoin on the 1 Day Timeframe with three major elements:
1. Uptrend Channel Breakdown
BTC was moving inside a rising channel marked in blue and red
• The lower boundary acted as support
• The upper boundary acted as resistance
This trend lasted for several months but now Bitcoin has broken the lower trendline which signals a clear trend reversal.
Once a rising channel breaks downward it usually means selling pressure increases.
Key Levels From the Chart
1. Major Resistance – 123325
This level was touched earlier but rejected.
The chart shows buyers could not push BTC above it.
2. Key Support – 106337
This was the most critical support zone.
When Bitcoin broke below 106337 heavy selling came in.
3. Current Price – 95893
BTC is now trading here
This is a temporary relief zone but not a strong support.
If price falls below 94000 the next major support zones are
• 90000
• 88000
• 82000
Why Bitcoin Is Falling Right Now (Chart Based Reasoning)
1. Channel Breakdown = Weak Trend
As soon as Bitcoin fell out of the rising channel the bullish structure failed.
Traders usually book profits after this kind of breakdown.
2. Failed Retest at 106337
When BTC tried to retest 106337 it failed and bounced down sharply.
A failed retest confirms sellers are in control.
3. Lower Highs Forming
On the right side of the chart price candles show
• lower highs
• lower lows
This is a classic sign of a downtrend.
4. Increasing Selling Volume
Your chart shows tall red volume bars.
This means sellers are dominating the market.
Click- Top 10 Crypto Coins to Invest in November 2025 Deep Detailed Guide
What Happens Next Based on Chart
If Bitcoin stays above 95000
BTC may bounce back towards
• 99000
• 102000
If Bitcoin falls below 94000
BTC may drop to
• 90000
• 88000
• 82000
Investor View Based on Chart
Right now the chart shows
• trend reversal
• falling momentum
• no strong support yet
Short term looks weak but long term trend is still intact above 82000.
Simple Summary for Blog Readers
Here is an easy bullet summary you can use:
• Bitcoin broke its rising channel
• Price fell below the important level 106337
• Strong selling volume entered the market
• BTC now trading near 95893
• Weakness continues unless price moves above 102000
• Risk of drop to 90000 if 94000 breaks
Q&A
Why is Bitcoin dropping currently
Bitcoin is dropping because it broke the major rising channel and lost the support level at 106337 which increased selling pressure and moved the market into a downtrend.
Did Tesla dump 75 percent of its Bitcoin
Tesla sold a large part of its Bitcoin holdings earlier but this is old news. The current fall is not directly linked to Tesla selling today.
How much is 1 Bitcoin in 1 rupee
If Bitcoin price is 95893 in USD
95893 × 84 approx equals 8065092 INR
So 1 BTC is roughly around 80 lakh rupees in India based on current USD to INR.
