Bitcoin's sustainability is in question: BTC price could fall back to $105,000
Bitcoin is experiencing increased selling pressure after several days of declines, raising concerns of a deeper market correction.
BTC is losing ground as the bearish trend intensifies and weak macroeconomic support worsens the situation.
Bitcoin faces a correction
Spot Bitcoin ETFs are playing a key role in the current sell-off, with significant outflows this week. Since Monday, funds have seen $226 million in withdrawals. This represents a sharp reversal from the steady inflows seen earlier this month. These moves reflect growing caution among institutional investors.
Wednesday saw an unexpected turn of events: $241 million in inflows temporarily offset previous exits. However, the sharp fluctuations highlight the uncertainty, making ETF participants an unreliable support for Bitcoin. This volatility highlights how fragile sentiment remains, with even major players quickly changing positions under market pressure.
Bitcoin ETF data. Source: Farside
Beyond ETFs, broader signals point to additional risks for Bitcoin. The supply quantile price model shows that BTC has fallen below the 0.95 quantile band—an area closely monitored by analysts. This range typically serves as an active profit-taking zone for long-term holders.
If the decline continues, it will confirm bearish conditions. Historically, such moves have preceded sharp declines, setting price targets in the $105,000 to $90,000 range. Given macroeconomic factors and cautious institutional flows, the outlook for Bitcoin remains weak.
Bitcoin supply quantile price model. Source: Glassnode
The price of BTC is falling
At the time of writing, Bitcoin is trading at $111,542, representing a weekly decline of 4.7%. The coin remains below the $112,500 resistance level, lacking sufficient momentum to turn that level into support.
If bearish pressure persists, Bitcoin could break support at $110,000, opening the way to $108,000. Additional selling could deepen the decline, pushing BTC toward $105,000 in the near term.
Bitcoin Price Analysis. Source: TradingView
If investors intervene to stabilize the market, Bitcoin will have a chance to rise above $112,500, which would provide new support. A successful rebound from this level could reverse the current bearish trend and invalidate the negative outlook.
Source: cryptonews.net
