Crypto analysts warn of a potential final dip in Bitcoin prices to around $104,000 before the anticipated bull market rebound takes hold. This forecast is grounded in historical support trends, notably Bitcoin’s 50-week simple moving average (SMA), which currently hovers near $102,500. This moving average has proven to be a strong support level four times since mid-2023, suggesting a likely revisit.
Market expert ‘Sykodelic’ highlighted significant leverage and liquidity clustered near $104,000, signaling that while unwelcome news for holders, breaking this level could be imminent. Drawing parallels to previous corrections in April 2025 and August 2024, periods marked by severe sentiment downturns followed by vigorous reversals, further bolsters this outlook.
Additional voices in the analysis space, including ‘Negentropic,’ echo this sentiment, viewing the impending pullback as the “final flush,” a necessary phase before sustained upward movement. The setup may open pathways for Bitcoin prices near $102,000, paving the way for a major market turnaround.
Nick Ruck, LVRG Research director, emphasized that this retracement to $104,000 aligns with healthy market corrections driven by profit-taking and macroeconomic factors. Despite short-term pressures, Bitcoin’s fundamental strength and institutional backing remain solid, setting a robust foundation for the bull market’s return.
‘Daan Crypto Trades’ pointed to the 200-day exponential moving average as another critical support area, noting its historical resilience despite periods of volatility.
In recent trading, Bitcoin has demonstrated relative stability, oscillating around the $108,000 level. This zone, once support, now acts as resistance, with prices briefly touching $113,000 before settling back to consolidate near $107,000.
As the market navigates this pivotal phase, these expert insights underscore the complexities ahead and the potential for significant upside once the correction concludes.