After a strong run toward new highs, Bitcoin may be losing steam. Some analysts are now warning that the flagship cryptocurrency could soon revisit the $100,000 mark, not due to bearish fundamentals, but because of weakening technical momentum.
Although Bitcoin has been trading near $109,500—just shy of recent peaks—the trend may be stalling. Market strategist Omkar Godbole points out that BTC’s recent price action lacks the energy seen in previous surges. A key momentum gauge, the 30-day Rate of Change, has begun to diverge from price, signaling that strength behind the rally is fading.
Adding to the caution, the MACD histogram—a popular trend-following tool—has dipped below zero, hinting at a slowdown in upward pressure. These signs raise the possibility of a temporary pullback, especially if Bitcoin slips out of its current ascending pattern.
Interestingly, even major headlines, such as the Trump media firm’s rumored multi-billion-dollar crypto buy, failed to push prices higher—underscoring how muted the market response has become in recent days.
Still, the broader outlook remains optimistic. A golden cross pattern, where the 50-day moving average rises above the 200-day, is flashing a long-term bullish signal. Analysts view any short-term retreat as a natural phase of consolidation rather than a shift in trend.
While the bull market remains intact, traders are being urged to stay alert. Technical fatigue may invite a retest of psychological levels like $100K before the next leg up can begin.
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According to a new chart shared by Bitcoin Magazine Pro, the current Bitcoin market cycle may be entering its final stretch—with fewer than 100 days remaining before a potential market top.
Bitcoin (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.