Bitcoin’s $110,000 Support: Can Bulls Hold the Line or Will Bears Take Control?

The crypto market faced considerable volatility at the end of September 2025, as

(BTC) hovered around $109,000 and (ETH) slipped beneath $4,000. More than $1 billion in positions were liquidated as traders contended with sharp price fluctuations, influenced by changing macroeconomic factors and shifting investor sentiment. Experts point to crucial support thresholds for Bitcoin, while Ethereum’s downturn signals a broader move toward risk aversion in digital assets.

Bitcoin’s recent price movements have attracted close attention as it approaches vital support areas. Swissblock Technologies has marked $110,000 as a key "lifeline support," noting that historical trends show difficulty in sustaining values above this point during previous cycles. The short-term holder cost basis, now at $111,400, is another significant indicator; persistent trading below this figure could indicate growing bearish momentum. Glassnode, an on-chain analytics provider, describes this level as a battleground for bulls and bears, warning that a drop below it may lead to increased selling pressure.

Sentiment in the market remains wary, as reflected by the Crypto Fear & Greed Index, which plunged to 28 out of 100—a level not seen since April, when Bitcoin was near $83,000. According to Santiment, such high levels of fear often come before a market recovery, but analysts warn that widespread pessimism could extend the downturn. Social media analysis shows a rise in bearish outlooks, with many retail investors predicting prices could fall to $70,000, even as institutional players appear to be accumulating at lower price points.

Ethereum’s drop below $4,000 has heightened worries about overall market fragility. As the second-largest digital currency by market cap, Ethereum has found it challenging to recover as investor confidence wanes. Although on-chain data for Ethereum presents mixed signals, the absence of a clear trigger for a rebound has left traders cautious. The total 24-hour trading volume across the market surpassed $60 billion, with Bitcoin making up over 40% of all crypto trades, underscoring its dominance despite the ongoing selloff.

Liquidity assessments suggest possible price targets for Bitcoin. Hyblock Capital has identified a liquidity cluster at $107,000, indicating this level could attract further downward movement. Meanwhile, order book data shows increasing buy interest near $109,000 and $111,000, which could support stabilization if buyers gain the upper hand. However, the Swissblock Risk Index—which combines on-chain valuation and cost-basis information—remains close to zero, signaling some optimism even as Bitcoin has dropped 1.7% in the last 24 hours.

Experts are split on what lies ahead. Some believe that extreme fear and negative sentiment on social platforms could signal an upcoming reversal, while others caution that ongoing macroeconomic challenges could keep the market under pressure. A pseudonymous analyst known as Borovik on X has issued a bullish forecast for Bitcoin, predicting it could reach $194,846.63 within three months, though such projections are speculative and unconfirmed. Whether the market can maintain key support levels will be crucial in determining if the current pullback turns into a deeper decline or sets the stage for a recovery.

[1] Bitcoin (BTC) News: 3 Make-or-Break Bitcoin Price Floors As

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[2] Bitcoin Price History (2009 to 2025) – Data & Analysis

[3] Bitcoin (BTC) Price Prediction 2025 - 2030 - How Will It Perform?

[4] Fear And Greed Index | BM Pro

[5] Bitcoin Bears Grow Louder as Crowd Predicts $70K to $100K: …

[6] Crypto Fear & Greed Index Now Echoes $83,000 Bitcoin Price

[7] Bitcoin (BTC) News: Liquidity Points to $107K as Potential

[8] Analyst Unveils 3-Month Prediction For Bitcoin,

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