Bitcoin Below $105K Won’t Kill Bull Run
Popular market analyst CrediBULL Crypto (@CredibleCrypto) argues that Bitcoin falling below $105,000 does not end the current bull run. He maintains that a break under $105,000 would only invalidate the most aggressive upside scenario. High-time-frame (HTF) trend remains intact until support near $74,000–$75,000. The analyst identifies $107,000–$110,000 as a pivotal reversal zone for BTC price. In a recent YouTube video, he outlines three path scenarios: (1) an unlikely fourth-wave pause; (2) a preferred bullish count where BTC’s wave-two pullback sets up a new advance toward the mid-$130,000s and beyond $150,000; and (3) a deeper correction with support tested between $98,000 and $103,000. At press time, Bitcoin trades around $110,000. The insight reinforces that medium-term bulls remain in control and that a dip under $105,000 could offer a buying opportunity. Traders should watch the $107,000–$110,000 range for high-probability long entries and monitor $74,000 for trend invalidation.
Bullish
The analyst’s clarification that the loss of $105,000 does not invalidate the bull trend until $74,000 reinforces a bullish market bias. Historically, Bitcoin corrections that fall short of the high-time-frame invalidation level often precede strong rebounds, as seen in late 2021 and mid-2023. The clear pivot zone at $107,000–$110,000 offers traders a well-defined entry point with favorable risk-reward. Short-term, failure to reclaim this range may trigger deeper corrective moves, offering dip-buying opportunities. Long-term, maintaining support well above the $74,000 invalidation line preserves the five-wave Elliott structure and underpins targets toward the mid-$130,000s and $150,000+. Overall, the news underlines resilience in the broader bull cycle and is likely to encourage bullish positioning, making it a positive development for BTC’s outlook.