Bitcoin Price Gets $92k Target As New Buyers Enter 'capitulation' Mode

Bitcoin gave up $104,000 for the first time in weeks, while traders warned of a return to sub-$100,000 levels and new buyers amassed unrealized losses.

Bitcoin slips under $104,000 amid doubts over BTC price support.

Price targets now include the CME futures gap at $92,000.

Short-term holders head deep into the red, sitting on growing unrealized losses.

Bitcoin (BTC) faced further losses Tuesday as traders prepared for sub-$100,000 BTC price levels.

Data from Cointelegraph Markets Pro and TradingView tracked new lows of $103,732 on Bitstamp, with the price down over 2% Tuesday.

Early weakness persisted during the Asia trading session as market participants increasingly suggested that the $100,000 support level would fail.

“$BTC is in absolute free fall right now,” crypto investor and entrepreneur Ted Pillows reacted on X.

Pillows eyed an unfilled weekend “gap” in CME Group’s Bitcoin Futures market at around $92,000, just below the 2025 yearly open.

“If Bitcoin loses the $100,000 zone, expect a correction towards the $92,000 level, which has a CME gap,” he added.

Source: CoinTelegraph