BTC broke 105K: what's next?

Bitcoin has fallen below 105 thousand dollars — the last major support before the psychological mark of 100K has been broken. This is no longer just a correction.

What happened:

• ETH has fallen to its lowest since August
• SOL dropped to 157 bucks
• XRP is at three-week lows
• Analysts are looking at the 94K–85K zone as a potential target in the event of a deeper decline.

Why do they fall at all:

1. The Fed is tightening — Jerome Powell leaked that a rate cut in December is not a fact. The dollar is at its highs. Risk-off everywhere.

2. The Megaseven is Boiling — In the stocks of Apple, Nvidia, Meta, and the rest of the “Magnificent 7”, a rare thing happened: the put-call skew inverted for the first time since December. Translated to Russian: everyone is just buying calls (call), puts (put) are not needed by anyone. This is a signal of extreme FOMO ahead of a correction.

3. Oracle got caught — CDS spike on Oracle (debt insurance tool) indicates panic. Reason: the company reported monstrous spending on AI infrastructure. Investors are now afraid that the AI spending cycle will go into a void.

What's next:

According to analysts from 10x Research, if 100K–101K does not hold, then the maximum pain will be exactly at 85K. But for now, Bitcoin is above the downtrend line — the decline is controlled.

Output: Bulls will be more cautious than before. Volatility will exist until it is clear whether 100K will hold.