Based on historical patterns, crypto market analysts expect one other Bitcoin flush near $104,000 before the crypto bull market has one other likelihood.
The technical indicator for Bitcoin's long-term support is the 50-week easy moving average, which is currently around $102,500, in response to TradingView.
It has served as solid support 4 times for the reason that bull market began in mid-2023 and is more likely to be revisited again, analysts say.
There remains to be a variety of leverage available in the market and a big concentration of liquidity around $104,000, analyst “Sykodelic” observed on Thursday.
“I realize it’s not what any owner wants to listen to, but there’s a great likelihood we’ll take it out.”
“The market at all times feels worst right before it reverses,” the analyst added, noting that Bitcoin (BTC) markets last hit the indicator twice in April 2025, when it fell to $74,000, and in August 2024, when it crashed to $49,000.
“Both times the mood was absolutely disturbed, identical to it’s now. And every time it reversed sharply after this level was marked.”
A final visit to the 50-week SMA could possibly be on the cards. Source: Sykodelic
Final stages of correction
Other analysts comparable to “Negentropic” shared the bearish sentiment and stated that this will likely be the last flush.
“We are seeing a repeat of the last correction phases in September, it seems that profit-taking is less intense this time.”
The analyst added that the present situation “opens the door to $102,000” and we are actually very near a significant reversal.
“Bitcoin could fall back to $104,000 as a part of a healthy market correction driven by profit-taking and macroeconomic uncertainties. However, underlying fundamentals and institutional interest remain robust, setting the stage for a robust resumption of the bull market,” Nick Ruck, director at LVRG Research, told Cointelegraph.
Fellow analyst “Daan Crypto Trades” identified the 200-day exponential moving average as a key area of support throughout most of this cycle. “There were some hiccups during uncertain times, but ultimately the worth never lost its trend for greater than a month,” he said.
BTC is encountering resistance
Bitcoin has remained relatively stable over the past 24 hours, hovering across the $108,000 level, which is a key support and resistance zone.
On Tuesday, it briefly rose to $113,000, but quickly fell back to $107,000 before settling on the resistance level, where it began to consolidate.
