Bitcoin Breaks Below $100,000 – The Downtrend Isn’t Over Yet!Bitcoin / TetherUSBINANCE:BTCUSDTParadise_NoirBitcoin is entering one of its most vulnerable phases of the quarter, as both fundamentals and technicals strongly point toward a continued downside. The break below the psychological $100,000 level has triggered a wave of widespread fear, pushing the market firmly into defensive mode. Recently, ETF outflows have accelerated, with institutional funds pulling out more than $3.4 billion since October. At the same time, expectations for a Fed rate cut in December have weakened, while the U.S. Dollar rebounds, adding more selling pressure across the crypto market. The Fear & Greed Index plunging into “Extreme Fear” highlights how fragile and cautious overall sentiment has become. On the chart, the downtrend is now unmistakable. Price continues to move within a descending channel, repeatedly getting rejected at the upper trendline. The $100,000 level has flipped into strong resistance. Without substantial buying pressure, BTC is likely to rebound only slightly into the $100,000–$102,000 zone before sellers step in again. The most probable short-term scenario: BTC trades weakly, makes a small bounce into resistance, then continues sliding toward the $90,000 support zone. If this level breaks, the next destination sits near $87,600, where major support aligns with the bottom of the channel. Given the negative news flow, weak liquidity, and bearish technical structure, the dominant trend remains to the downside. This is not an ideal moment to attempt bottom-picking—at least not until the market shows genuine signs of recovery or institutional capital begins flowing back in.