# Bitcoin Technical Support Levels - $103K and $99K Targets

## Overview

Bitcoin is experiencing significant downward pressure following a break of critical support at $109,334, with technical analysis identifying two major support levels that traders should monitor closely [NSW5heVMWiw @ 05:12].

## Current Support Level: $103,372

The immediate support level where Bitcoin found a bounce is precisely at $103,372 [NSW5heVMWiw @ 05:12]. This level represents confluence across multiple chart timeframes, with the H1 chart showing support at $104,441, the C1 chart at $105,000, and the D1 chart at $104,862 [NSW5heVMWiw @ 07:50]. The analyst emphasizes that "there was a lot of confluence" around the $103,333 area, making it a critical level to watch [NSW5heVMWiw @ 08:06]. If this support holds, traders could see a bounce back toward resistance at $106,337 [NSW5heVMWiw @ 05:15].

## Next Major Support: $99,800

If Bitcoin breaks below the current $103,372 support, the next significant support level sits at approximately $99,800 [NSW5heVMWiw @ 05:26]. This target is considered particularly important because it would represent Bitcoin breaking below the psychological $100,000 level for the first time since the recent rally [NSW5heVMWiw @ 05:50]. The analyst notes this would be significant, stating "we can imagine that breaking below 100,000 after all this time" [NSW5heVMWiw @ 05:50]. Additional confluence for support around $99,900 comes from connecting historical wick levels across the chart [NSW5heVMWiw @ 16:29].

## Trading Implications

The analyst views the break below $109,334 as a critical breakdown from a rising wedge pattern, suggesting "it's game over and we have a lot more downside" [NSW5heVMWiw @ 05:01]. Current resistance sits at $106,337, which traders should watch for potential short entry points if Bitcoin attempts to retest broken support as new resistance [NSW5heVMWiw @ 05:18]. The $103,372 level represents the most critical support in the near term, with traders advised to watch for bounces at this level or prepare for a move to $99,800 if it breaks [NSW5heVMWiw @ 16:17].