Bitcoin Plunges Toward $106,000 as Bearish Momentum Intensifies

As of September 26th, 2025, Bitcoin has been struggling to maintain its value, with the price falling below the $114,600 support level. The cryptocurrency's bearish momentum has intensified, with weak buying interest around the $109,000 level.

The critical $106,000 support level will now be the key focus for traders, as a break below this point could trigger a deeper decline. If Bitcoin manages to hold above $106,000, there may be a chance for a rebound, with the next resistance level at $112,000. However, a daily close below $106,300 could signal further downside, potentially extending the decline toward the $94,800 range.

Macroeconomic factors are also playing a role in Bitcoin's direction. The release of the US Core PCE Price Index data today is expected to add volatility to the market. This inflation gauge, closely watched by the Federal Reserve, will likely influence the central bank's policy decisions and, in turn, impact the risk appetite for assets like Bitcoin.

If the PCE data comes in higher than expected, it could dampen hopes for interest rate cuts, pushing investors away from riskier assets like Bitcoin. Conversely, if the data meets or falls short of expectations, it could ease pressure on the markets and potentially boost demand for cryptocurrencies.