Bitcoin is in a sensitive phase, with analysts warning that it could fall back below the psychological threshold of $100,000. Weakening momentum, technical signals, and upcoming macroeconomic data could determine the market’s next direction.
Bitcoin under pressure from technical analysis
The current situation shows that the long-term euphoria is giving way to a more cautious approach among investors. The price is struggling to stay above previous highs, and each new rejection of growth increases the risk of a correction. According to the Wyckoff method, this may be a continuation of the distribution phase, which is often a harbinger of a decline. If the price breaks through the $95,000 mark, it could quickly move to the $92,000–$95,000 zone, a historically significant area of support and resistance.
Analyst Mikybull Crypto described the latest developments as disappointing after the unsuccessful attempt to break above $122,000. This weakened the bulls’ position and opened up room for altcoins to grow. Attention is drawn to the unfilled CME gap around $117,000, which could be an interesting entry zone for long positions.
Macroeconomic factors and volatility risk
The upcoming release of US inflation data is increasing tension in the markets. Stronger inflation could trigger concerns about tighter monetary policy by the Fed and push prices down, while weaker inflation could support the growth of risk assets. According to some analysts, Bitcoin has already completed its accumulation and growth phases and is now undergoing distribution, with large players reducing their positions.
Technical analysis shows a bearish RSI divergence, which is a signal of a weakening trend. Declining trading volumes amid stagnating prices indicate weaker buyer confidence. The key zone remains USD 95,000 – defending it could mean a rebound, while failure could lead to a rapid decline. The market’s high sensitivity to news may lead to sharp price movements in the coming days.
