Bitcoin May Never Drop Below $100K Again, Analysts Say

Crypto analyst PlanB has made a bold declaration that the Bitcoin price may never drop below $100,000 again, pointing to a fundamental shift in market dynamics. In a recent social media post, PlanB explained that he “will not be surprised if the Bitcoin price does not drop below $100,000 again” as the market witnesses the $100,000 resistance level transform into $100,000 support. This transformation represents a critical psychological milestone for the flagship cryptocurrency, suggesting that what was once a barrier to upward movement has now become a foundation for future growth.

The analyst’s confidence stems from concrete market data showing that September’s monthly close marked the fifth consecutive monthly close above the $100,000 psychological price level. PlanB noted that this pattern mirrors historical behavior observed when Bitcoin was trading at previous psychological thresholds of $10,000, $1,000, $100, and $10. The consistency of this pattern across different market cycles provides compelling evidence for the durability of the current support level. Bitcoin has now maintained its position above $100,000 since May 8, marking over 150 consecutive days above this threshold—the longest such streak in Bitcoin’s history.

Despite the strong technical foundation, market sentiment reveals a significant divergence from price action. PlanB observed that 63% of market participants believe Bitcoin will eventually drop below $100,000, with bearish sentiment particularly intensifying toward the end of September when BTC dipped to $108,000. During this period, prominent crypto influencer Ansem predicted that Bitcoin would likely retest the $90,000 level, reflecting widespread skepticism about the sustainability of current price levels.

However, Bitcoin has defied these bearish predictions with a remarkable recovery, rallying from the $108,000 lows to establish a new all-time high above $126,000 at the start of October. This 7% monthly gain reinforces Bitcoin’s historical seasonal strength, with October historically ranking as the cryptocurrency’s second-best performing month after November. The resilience demonstrated in this recovery has further solidified the $100,000 level as a formidable support zone, challenging the prevailing bearish sentiment among market participants.

Market data from prediction platform Polymarket provides quantitative support for the bullish outlook, indicating only a 25% probability that BTC will drop below $100,000 by the end of this year. This data point suggests that while retail sentiment may remain cautious, sophisticated market participants are betting heavily on Bitcoin’s ability to maintain its current support levels through year-end.

Crypto analyst Titan of Crypto has reinforced the bullish narrative, declaring that “the crypto market is still on” and questioning why market participants were rushing to call the market top. His analysis points to technical indicators supporting continued strength, specifically noting that Stoch Relative Strength Index (RSI) crossovers “keep aligning with strength.” Titan of Crypto emphasized that the chart will signal when the bull run concludes, but current conditions suggest sustained upward momentum.

The technical picture becomes even more compelling when examining Bitcoin’s price structure. Titan of Crypto revealed that Bitcoin continues to print higher highs and higher lows—a classic bullish pattern that indicates both momentum and stability. Based on this technical foundation, he raised the possibility of Bitcoin rallying to $160,000 by year-end. This projection aligns with institutional forecasts from major financial institutions, with JPMorgan predicting a $165,000 price target and Standard Chartered projecting $200,000 by the end of the year.

At the time of writing, Bitcoin is trading around $122,000, showing positive momentum in the last 24 hours according to CoinMarketCap data. The convergence of technical analysis, institutional projections, and sustained support above critical psychological levels creates a compelling case for Bitcoin’s continued bull market trajectory. As the market digests these developments, the transformation of $100,000 from resistance to support may indeed mark a permanent shift in Bitcoin’s market structure, potentially validating PlanB’s prediction that this level may never be breached again.