Bitcoin briefly dipped below $100,000 several times recently, marking the first significant drop since June and sparking new uncertainty among traders about the viability of the ongoing bull market.

Analyst Ali Martinez has highlighted the critical support levels to observe should the $100,000 threshold fail:

Three key Bitcoin $BTC support levels to watch, based on the Pricing Bands:

• $98,340
• $75,475
• $55,980 pic.twitter.com/1tCNyM9J1Z
  — Ali (@ali_charts) November 7, 2025

The first support level was indeed tested during the latest market correction, when Bitcoin fell below $99,000 but managed to recover. If this level collapses, the subsequent support points are considerably lower, which could signify the end of the bullish phase.

Conversely, there are positive signs as data from CW indicates a resurgence in demand for Bitcoin after a period of decline:

The apparent demand of $BTC has turned positive again.
The market sentiment is changing. Buying demand is increasing again. pic.twitter.com/9tpOUoY0zQ
— CW (@CW8900) November 8, 2025

If Bitcoin progresses towards more consistent market recovery, the primary resistance to be aware of is positioned at $106,000, alongside another at $111,600, which is a significant accumulation zone for over 140,000 BTC.

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As of now, Bitcoin is trading sideways at around $102,000 after experiencing a significant 17.5% downturn in the previous month, with a market capitalization of $2.030 trillion, reflecting a drop below the critical $2 trillion mark.