Bitcoin Price Prediction. Buyers Defend $100K Floor As Extreme Fear Grips The Market

Bitcoin price today trades near $103,000, up 1.4% in the past 24 hours, as buyers defend the crucial $100,000–$101,000 support zone. The rebound comes after a week of intense volatility and heavy spot outflows, while sentiment has fallen into “Extreme Fear” territory, signaling widespread caution among traders.

BTC Price Dynamics (Source: TradingView)

The daily chart shows Bitcoin rebounding from a major accumulation range around $100,000. This zone aligns with a multi-month base and the lower boundary of the 200-day EMA, which sits at $107,800. The reaction from this level signals that long-term holders continue to buy dips, although short-term direction remains uncertain.

The first resistance now sits near the 20-day EMA at $105,900, followed by $109,300 and $110,600, where the 50- and 100-day EMAs converge. The Supertrend resistance lies higher at $114,400, marking the key threshold for trend reversal. A daily close above these moving averages would confirm renewed buyer strength. If price fails to hold above $101,000, pressure could return toward the lower range near $98,000, exposing deeper support closer to $95,000.

Coinglass data shows $26.4 million in net outflows from Bitcoin exchanges on November 13. The continuous drawdown follows several days of reduced participation as traders cut exposure during uncertain macro conditions. Sustained outflows reflect low conviction among short-term traders, while long-term wallets remain steady.

The Crypto Fear & Greed Index has fallen to 14, its lowest reading since March, showing “Extreme Fear” across the market. Such levels often coincide with local bottoms, yet they also highlight a lack of confidence to drive strong rallies. Traders appear hesitant to commit new capital until price confirms a firm breakout from the descending structure that has capped movement since September.

Despite fear readings, trading activity has not shown panic-driven liquidation. Selling has been controlled, with no major derivatives wipeouts or leveraged flushes. The steadiness suggests patient accumulation within a broader consolidation phase.

On the 30-minute chart, Bitcoin trades just above the VWAP at $102,600, staying within a narrow intraday channel between $101,900 and $103,400. This tight range reflects declining volatility and balanced positioning ahead of the next directional move.

Momentum indicators show a neutral stance. The RSI hovers near 55, signaling neither overbought nor oversold conditions. Bollinger Bands have tightened, a setup that often precedes volatility expansion. A clean move above $103,500 could trigger momentum toward $105,000 and then the descending trendline near $107,000. Failure to clear $103,500 could return price to the $101,900 zone, where buyers have repeatedly entered since the start of the week.

Bitcoin’s setup remains delicate but stable above the $100,000 floor.

At present, Bitcoin holds its ground amid fear-driven conditions. As long as the $100,000 zone stays intact, buyers retain tactical control, awaiting confirmation of a broader reversal.