Crypto analysts are predicting one final pullback for Bitcoin, anticipating a drop to the 50-week moving average near $104,000 before the bull market reignites. This critical support level has historically held strong, having supported prices four times since Bitcoin’s mid-2023 rally. Analyst ‘Sykodelic’ pointed out that despite market apprehension, leverage concerns and liquidity clusters around this price make a revisit likely. He noted previous instances when Bitcoin hit this moving average in April 2025 and August 2024, both times followed by sharp market reversals amid heavily negative sentiment.
Other experts, including ‘Negentropic,’ echo this view, describing the current scenario as a ‘final flush’ phase with relatively lighter profit-taking, potentially paving the way down to $102,000 before a significant rebound. Nick Ruck from LVRG Research added that while macroeconomic uncertainties and profit-taking might drive a short-term retracement, the fundamental strength and institutional interest in Bitcoin remain robust, setting the stage for a powerful resurgence.
Additionally, analyst ‘Daan Crypto Trades’ highlighted the 200-day exponential moving average as another vital support that has maintained the bullish trend despite periods of volatility. Bitcoin has recently hovered around $108,000, a zone shifting from support to resistance, with brief spikes to $113,000 failing to sustain momentum.
This anticipated final dip to $104,000 could provide a healthy correction, shaking out weaker hands and preparing the market for a renewed upward trajectory. For further details, see the full analysis at Cointelegraph: https://cointelegraph.com/news/analysts-see-final-flush-104k-before-bull-market-resumes