Bitcoin Teeters Near $100K as Bearish Signals Flash—Is This the Dip Before the Rip?

Momentum indicators scream caution as Bitcoin wobbles at lofty heights. A pullback to $100K looks increasingly likely—but don’t let the suits on Wall Street convince you it’s ‘the end of crypto’ (again).

Technical alarms are ringing: divergence in key metrics suggests the rally’s gas tank might be running dry. Yet history shows Bitcoin thrives on shaking out weak hands—so buckle up.

Funny how traditional analysts suddenly care about ‘risk management’ when their own portfolios bleed. Meanwhile, hodlers just see another buying opportunity.

Although Bitcoin remains within a bullish upward channel, the 30-day ROC is forming lower highs, signaling a bearish divergence and weakening momentum.

Additionally, the daily chart moving average convergence divergence (MACD) histogram, an indicator widely used to gauge trend strength and changes, has flipped negative, indicating a bearish shift in momentum.

All this means that BTC could dive out of the bullish ascending channel, potentially revisiting the major psychological resistance-turned-support at $100,000.

The broader outlook remains constructive, consistent with the recent golden cross of the 50- and 200-day simple moving averages (SMAs).