Trader Warns: Bitcoin Bull Run Ends Below $100K
Trader Roman warns that a drop in Bitcoin price below $100,000 could mark the end of the current bull market. The Bitcoin price has declined about 15% from its $125,000 peak, retesting critical support at $98,000–$100,000. Daily RSI shows bearish divergence, while four-hour and weekly charts display bullish RSI signals that may support a rebound. Optimists expect new highs in 4–6 weeks if support holds. Analyst Michaël van de Poppe suggests accumulating at $102,000–$104,000. Despite an August pullback of roughly 6.5%, Bitcoin outperformed its four-year seasonal average. Traders should watch the $100,000 level for clues on market direction.
Bearish
Trader Roman’s warning underscores a critical psychological support level at $100,000. A break below this threshold could erode market confidence and trigger stronger selling, mirroring past declines when Bitcoin lost key round-number levels. The daily RSI bearish divergence suggests waning momentum, while mixed signals across timeframes introduce uncertainty. In the short term, traders may accelerate profit-taking if $100,000 fails, pushing prices lower toward prior support around $90,000. Conversely, a hold above this zone could invite bargain hunters and reignite a bullish rally, as seen in previous cycles. Over the long term, a confirmed break under six-figure territory could signal an end to the current bull market, shifting sentiment to neutral or bearish and delaying any sustained uptrend. Market participants must monitor volume and RSI across both daily and weekly charts for early clues, but the prevailing risk favors a bearish outcome unless this critical support is defended.