Bitcoin 7-Day Price Analysis: BTC Falls Below $101K – What’s Driving the Dip?
By Jason Miller – Crypto Writer 10.expert 🧠
Covering Bitcoin, altcoins, blockchain & Web3
Over the past week, Bitcoin (BTC) has seen a steady downward trend, dropping from approximately $105,300 on June 16 to $100,810 by June 22. This 4.3% decline has sparked concerns among investors and reignited discussions about market momentum.
📉 1. Weekly Overview
Bitcoin kicked off the week at $105K with brief bullish activity, but by June 18, the momentum faded, giving way to consistent red candles. After a short-lived recovery on June 21, BTC faced a sharp drop, touching weekly lows near $100K.
📊 2. Price Action Summary
- Opening (June 16): ~$105,300
- Closing (June 22): ~$100,810
- Weekly Loss: ~4.3%
- Volatility: Mild-to-moderate with sharp selloffs on June 18 and 21
🧠 3. Key Levels to Watch
- Resistance: $104,000 and $106,000
- Support: $100,000 (psychological level) and $98,500 (technical support)
💬 4. Investor Sentiment
The Crypto Fear & Greed Index is trending toward Fear, as many retail investors hesitate in the face of continued U.S. regulatory uncertainty and macroeconomic pressures.
🧾 5. What’s Causing the Drop?
- 📉 DXY Strengthening: A strong U.S. dollar puts pressure on risk assets like Bitcoin
- 🧑⚖️ Regulatory noise: Ongoing SEC activity has sparked market caution
- 🧠 Profit-taking: After BTC’s recent $105K rally, many large holders may be realizing gains
- 💹 Low volume: Diminished liquidity increases volatility during downtrends
🔮 6. What Comes Next?
A bounce from $100K could see Bitcoin targeting $104K again. However, if this key support breaks, a decline to $98K–$96K is highly probable.
✅ 7. Summary
Bitcoin’s 7-day slide reflects broader market hesitation. While the dip might concern short-term traders, long-term investors should stay focused on the fundamentals. As always, volatility brings opportunity.
Stay tuned to 10.Expert for real-time market insights and crypto news.
📌 “Zoom out. Think long-term. Trust the code.” – Jason Miller
