Key Insights
Traders are now warning that the Bitcoin bull market could end if the $100,000 support fails.
RSI divergences on the charts show both bearish exhaustion and bullish recovery signs.
Meanwhile, some investors see $100,000 as the best zone to accumulate Bitcoin.
The Bitcoin bull market is at a threshold, as traders focus on the $100,000 support level.
According to updates from popular trader Roman in a recent update, if Bitcoin falls below six figures, the current bull cycle could end.
Bitcoin recently dropped 15% from its all-time high above $125,000, after slipping toward the $100,000 area. Roman explained that losing this level would confirm the end of the uptrend.
He noted that Bitcoin has already broken below $112,000 support and is now facing a test at $98,000 to $100,000.
Traders are watching the relative strength index (RSI) on the daily charts for direction. Higher timeframes currently show that Bitcoin is showing signs of exhaustion, with bearish divergences appearing near the top.
Roman pointed out that trading volume has been weak at recent highs, which is a factor that often points towards market fatigue.
Similarly, shorter timeframes are showing a bullish divergence on the RSI. This is giving traders hope that Bitcoin could regain its upward trend. Historically, bullish RSI divergences tend to hint at a possible rebound before a new rally.
While many are worried about losing $100,000 in support, others are seeing it as the best entry zone. Trader ZYN highlighted that if this level holds, Bitcoin could set a new all-time high within four to six weeks.
He argued that the current market structure indicates that a rebound is possible, rather than a collapse.
Crypto analyst Michaël van de Poppe also sees a possibility around this zone. He noted that Bitcoin is no longer in a short-term uptrend. Instead, he views the $102,000 to $104,000 range as the best accumulation point for long-term investors.
The Bitcoin market is also dealing with external pressures. Large whale wallets that have been dormant for years are now moving coins. Some of these whales have even converted Bitcoin into ETH lately.
Market sentiment has weakened due to the falling inflows into spot Bitcoin ETFs. At the same time, the U.S. holiday schedule has slowed down trading activity. Wall Street’s closure on Labour Day has left fewer buyers in the market, which means that sellers have a real opportunity to control price action.
World macroeconomic conditions are another factor weighing on Bitcoin. Investors are reacting to mixed signals from U.S. politics and the Federal Reserve. President Trump’s stance on tariffs and attempts to influence the Fed board have added unease to markets.
Equity indices like the Dow, S&P 500 and Nasdaq also ended the week weaker, which has put extra pressure on crypto sentiment. However, there are still some positives in the background.
Traders expect the Federal Reserve to start cutting interest rates in late September or October, which could boost risk assets like Bitcoin.
The Bitcoin bull market is walking a fine line. If the $100,000 price level breaks, the cycle could be over. However, if buyers defend this level, traders believe that new highs may come into play within weeks.
The next moves will depend on whether RSI divergences show a recovery and whether whales continue to sell into weakness.
The market’s current macroeconomic uncertainty, slowed-down ETF inflows, and large sellers pressuring the market mean that Bitcoin’s future is unpredictable.
Yet, many traders continue to view $100,000 not as an ending, but as the most important test of this cycle.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.