Key Points:
If Bitcoin bulls lose the $100,000 support, they may have to say goodbye to the entire bull market, a new prediction states.
The BTC price trend is facing a battle of RSI signals, as bullish and bearish divergences compete.
Some believe that buying above the $100,000 level is an opportunity.
According to the latest analysis on platform X, well-known trader Roman stated that if Bitcoin (BTC) loses the $100,000 support, the bull market will end. If Bitcoin's price can no longer maintain a six-figure value, the bull market cycle will also conclude.
Bitcoin's latest pullback has once again changed market sentiment. During this period, BTC/USD dropped 15% from its historical high of $125,000.
Bitcoin price targets have also been adjusted, with Roman and others expecting Bitcoin to retest the key range close to or below $100,000.
If the bulls fail to hold this psychological key area, the market outlook will become more severe.
He summarized next to the Bitcoin/USDT daily chart: "The current trend is indeed not optimistic; Bitcoin has lost its upward trend and the $112,000 support."
Roman added that from a higher timeframe perspective, Bitcoin "still shows significant fatigue," citing relevant analysis from August and earlier.
These phenomena include low trading volume at high levels and bearish divergence signals appearing in the relative strength index (RSI).
According to Cointelegraph's report this week, bullish divergence signals have begun to appear on the four-hour level. This usually indicates that an upward trend is expected to return.
Data from Cointelegraph Markets Pro and TradingView shows that as of the time of publication on Sunday, the bullish divergence signal is still ongoing.
Some market participants remain optimistic about an overall rebound in the crypto market, citing current structural factors.
Trader ZYN expressed to fans on platform X in a post showcasing weekly RSI bullish divergence: "If this range holds, we can expect to set a new historical high in the next 4-6 weeks."
There are also investors who believe that $100,000 is an ideal entry point rather than a signal to reduce positions.
Cryptocurrency trader, analyst, and entrepreneur Michaël van de Poppe stated that "Bitcoin is not in an upward trend in the short term."
CoinGlass data shows that BTC/USD fell about 6.5% in August, but still performed better than the same period in the past four years.
Related: Bitcoin returns to $110,000, but analysis claims the BTC market is still "fragile."
Original: “Trader Warns: If Bitcoin (BTC) Price Falls Below $100,000, the Bull Market Will 'End'”
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