Crypto analysts are anticipating one last dip in Bitcoin’s price to around $104,000, marking a potential “final flush” before the next bull market takes off. Historical data points to the significance of Bitcoin’s 50-week simple moving average, which currently sits near $102,500 and has acted as solid support several times since mid-2023.
Market observers highlight the large liquidity cluster around $104,000 and lingering leverage, suggesting another test of this key support is likely. Analyst Sykodelic noted that while this decline is not welcome news for holders, history shows that sentiment often bottoms out just before a strong reversal — as witnessed in previous major corrections in April 2025 and August 2024.
Another expert, Negentropic, echoed the view of a final corrective phase and profit-taking period that could open the door to price levels near $102,000, setting the stage for a significant market turnaround. Nick Ruck, director at LVRG Research, affirmed that despite short-term retracements driven by macro uncertainties, institutional interest and Bitcoin’s fundamental strengths remain intact, paving the way for a powerful rebound.
Additionally, the 200-day exponential moving average has emerged as a critical support zone during this cycle, as noted by analyst Daan Crypto Trades, who emphasized Bitcoin’s resilience to maintain upward trend momentum even amid short-term volatility.
In the last 24 hours, Bitcoin has hovered near $108,000, a level that has shifted from support to resistance, recently showing volatility between $107,000 and $113,000 before stabilizing. This consolidation phase could be the calm before the next major price surge.
For further insights, see the full analysis at Cointelegraph: https://cointelegraph.com/news/analysts-see-final-flush-104k-before-bull-market-resumes