Cryptocurrency analysts anticipate a final dip in Bitcoin’s price to around $104,000 before the bull market fully rebounds. Technical indicators highlight the 50-week simple moving average—currently near $102,500—as a historically strong support level that Bitcoin has tested multiple times since mid-2023. Market observers note considerable leverage and a dense liquidity zone around the $104,000 mark, suggesting this level may be revisited shortly.
Analyst ‘Sykodelic’ remarked that although holders may be reluctant to hear this, a drop below $104,000 is highly likely. Historical precedent shows that Bitcoin experienced significant corrections in April 2025 and August 2024 when it tested this moving average, both times followed by strong reversals. Similarly, analyst ‘Negentropic’ views this as the ‘final flush’ phase of correction, with current conditions indicating a less severe profit-taking phase leading into a larger reversal.
Nick Ruck, director at LVRG Research, explained that this retracement is a healthy correction influenced by profit-taking and macroeconomic factors but emphasized the ongoing strong fundamental and institutional support setting the stage for a robust bull market rebound. Another expert, ‘Daan Crypto Trades,’ pointed to the 200-day exponential moving average as a vital support during the cycle, noting that while price volatility occurs around this level, the overall upward trend remains intact.
Bitcoin’s recent price action has hovered around the critical $108,000 zone, which now serves as resistance. After briefly spiking to $113,000, the price retreated and consolidated near $107,000, showcasing market uncertainty ahead of the anticipated movement.
For more in-depth analysis, visit the full article at: https://cointelegraph.com/news/analysts-see-final-flush-104k-before-bull-market-resumes