Can Bitcoin bulls avoid the cycle’s fourth ‘death cross’ at $102K?

💡 DMK Insight

Bitcoin’s current price of $104,562 is teetering on the edge, and here’s why that matters: traders are eyeing the weekly close closely. Flat price action can often signal indecision, but it can also precede significant moves. If BTC closes below key support levels, it could trigger a wave of selling, potentially ending the current bull run. Traders should monitor the $100,000 mark as a psychological barrier; a close below this could lead to increased volatility. Conversely, if BTC can hold above this level and rally, it may attract more buying interest, especially from institutional players looking to capitalize on dips. But let’s not ignore the flip side—if the market sentiment shifts due to external factors like regulatory news or macroeconomic indicators, we could see a rapid change in direction. Keep an eye on the weekly RSI and MACD indicators for signs of momentum shifts. The next few days are crucial, so be prepared for potential breakouts or breakdowns.