{"id":48279,"date":"2025-10-17T09:11:47","date_gmt":"2025-10-17T14:11:47","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48279"},"modified":"2025-10-17T09:11:57","modified_gmt":"2025-10-17T14:11:57","slug":"bitcoin-price-slides-to-104000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-slides-to-104000","title":{"rendered":"Bitcoin Price Slides to $104,000 as Market Fear Hits \u2018Extreme\u2019 Levels"},"content":{"rendered":"
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Bitcoin price has sharply reversed course after reaching a record high above $126,000 just two weeks ago \u2014 and the downturn isn\u2019t letting up. The price<\/a> has now slipped into the $104,000 range, extending a multi-day decline<\/a> that\u2019s driven market sentiment to its most cautious level in months.<\/p>\n\n\n\n

Currently, the bitcoin price is is $105,485, but the price was as low as $103,516 in early morning trading on some exchanges. <\/p>\n\n\n\n

According to the Bitcoin Fear & Greed Index, sentiment now stands<\/a> at 22\/100, marking a shift into the \u2018Extreme Fear\u2019 category. The index, which ranges from 0 (extreme fear) to 100 (extreme greed), is widely viewed as a gauge of investor psychology and potential market turning points.<\/p>\n\n\n\n

Last Friday, on October 10, Bitcoin and the broader crypto market witnessed a drastic and sharp sell-off<\/a> as President Trump announced sweeping 100% tariffs and export controls in response to China\u2019s new restrictions on nearly all products starting November 1, 2025. <\/p>\n\n\n\n

The news triggered a sharp crypto sell-off, with Bitcoin briefly down 12% and other major cryptocurrencies falling as much as 40%. <\/p>\n\n\n\n

Now, bitcoin is near the low price of the sell-off with much of the broader crypto market following suit.<\/p>\n\n\n\n

Is Bitcoin going lower?\u00a0<\/h2>\n\n\n\n

Bitcoin price fell below $105,000 for the first time since June, fueling fears of a deeper correction as traders braced for potential declines<\/a> into the $90,000s or even $80,000s. <\/p>\n\n\n\n

Technical indicators showed momentum weakening: Bitcoin\u2019s Relative Strength Index dipped to 37, while the Average Directional Index barely confirmed a downtrend at 25.23. <\/p>\n\n\n\n

On shorter timeframes, the sell pressure intensified, with the RSI at 32.7 and the ADX climbing above 34, signaling strong bearish momentum. Charts also revealed<\/a> a \u201cdeath cross\u201d pattern \u2014 a technical signal often associated with extended downturns. <\/p>\n\n\n\n

Regarding the Bitcoin Fear & Greed Index, periods of \u201cextreme fear\u201d often coincide with oversold conditions<\/a>, as traders retreat from risk and liquidity tightens. Historically, such phases have sometimes preceded local bottoms, though timing remains uncertain amid broader market volatility.<\/p>\n\n\n\n

The sell-off comes as macro uncertainty<\/a> weighs on risk assets globally. Bitcoin\u2019s decline mirrors weakness in equities and commodities, as investors brace for renewed geopolitical tensions and cautious monetary policy commentary later this week.<\/p>\n\n\n\n

Just two weeks ago, when Bitcoin traded above<\/a> $124,000, the index read 70, signaling \u2018greed\u2019 and highlighting how sharply sentiment has reversed.<\/p>\n\n\n\n

Meanwhile, gold has surged to fresh all-time highs above $4,350 per ounce, extending its outperformance against Bitcoin so far this year.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price has fallen to the $104,000 range today \u2014 and the downturn isn\u2019t letting up.<\/p>\n","protected":false},"author":3817,"featured_media":48280,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,132,347,420,559],"class_list":{"0":"post-48279","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-price","10":"tag-china","11":"tag-fear-and-greed-index","12":"tag-gold"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Price-Slides-to-104000-as-Market-Fear-Hits-\u2018Extreme-Levels.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48279"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48280"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}