{"id":26881,"date":"2025-05-15T08:32:26","date_gmt":"2025-05-15T08:32:26","guid":{"rendered":"https:\/\/dogewisperer.com\/bitcoin-drops-toward-critical-support-pi-price-plunges-by-27-daily-market-watch\/"},"modified":"2025-05-15T08:32:26","modified_gmt":"2025-05-15T08:32:26","slug":"bitcoin-drops-toward-critical-support-pi-price-plunges-by-27-daily-market-watch","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26881","title":{"rendered":"Bitcoin Drops Toward Critical Support, PI Price Plunges by 27% Daily (Market Watch)"},"content":{"rendered":"
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Bitcoin\u2019s price ascent was stopped once again at $104,000 yesterday and the asset is down by over two grand since then, going toward a key support line.<\/p>\n

The altcoins have turned red, with massive price drops from the likes of XRP, SOL, DOGE, ADA, SUI, AVAX, and many others.<\/p>\n

BTC Below $102K<\/h2>\n

The primary cryptocurrency surged in an impressive manner last week when reports emerged that the US and China will meet over the weekend to discuss a trade deal. This led to a massive price pump that saw BTC reclaim the coveted $100,000 last Thursday and kept climbing to $104,000 during the weekend.<\/p>\n

When both economic giants announced a tariff pause for 90 days on Monday, bitcoin jumped to a new multi-month peak of almost $106,000<\/a>. However, it couldn\u2019t breach that level and dumped below $101,000 almost immediately.<\/p>\n

The bulls managed to intervene and kept the asset within a six-digit territory. Moreover, BTC jumped to $105,000, where it faced another rejection. As of now, the cryptocurrency struggles to remain above $102,000 after a 2% daily decline, even though the overall landscape remains bullish<\/a>.<\/p>\n

According to Ali Martinez, BTC is on its way down toward a key resistance level of $101,600. A breakdown below that level could result in dumping back into five-digit price territory.<\/p>\n

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Key support for #Bitcoin<\/a> $BTC<\/a> right now is at $101,600! pic.twitter.com\/4cOpEJAPuA<\/a><\/p>\n

\u2014 Ali (@ali_charts) May 15, 2025<\/a><\/p>\n<\/blockquote>\n