Bitcoin Slides 2.6% Amid Dollar Strength but Holds Key Support Levels

Bitcoin dropped 2.6% during Asian and European trading on Monday, pressured by a stronger dollar following recent comments from Donald Trump.

Despite the dip—the largest in a week—Bitcoin remains above the critical $95,000 support level, which serves as both a psychological threshold and the base of a consolidation zone persisting for five consecutive days. This keeps the near-term outlook tilted toward the bulls.

Bitcoin recently reached a record high of $99,800 against the dollar, intensifying pressure on the symbolic $100,000 milestone. However, strong resistance at this level has so far capped further gains, leaving the price in an extended consolidation range between $90,000 and $100,000.

This pullback is seen as a natural response to the strong rally following the U.S. presidential election, with the crypto market buoyed by expectations of pro-crypto policies under Trump’s administration. Investors are now awaiting concrete implementation of Trump’s campaign promises, which could provide new momentum for Bitcoin.

In the short term, Bitcoin appears defensive but remains largely range-bound, awaiting clearer directional cues.

The broader bullish structure remains intact as long as prices stay above $90,000. Market participants are now eyeing key economic events, such as the U.S. November labor report, along with political and geopolitical developments, for further signals.

Res: 95935; 98280; 98800; 99032
Sup: 95000; 94199; 91501; 90000