Bitcoin is facing potential trouble as analysts warn that the critical $100,000 support level may fail due to a bearish candle forming in recent price action. The ongoing Wyckoff analysis indicates that Bitcoin has entered a 'distribution phase', suggesting the price could drop towards the $95,000 level, which hasn't been seen since early May. Despite an earlier recovery leading to new highs following a strong accumulation phase earlier this year, current market momentum shows weakness, underscored by bearish RSI divergence. This shift in momentum has also allowed altcoins to become more favorable among traders. Additionally, volatility is anticipated due to an impending US Consumer Price Index (CPI) report, which is expected to influence all risk assets, including cryptocurrencies. The situation remains uncertain as traders continue to monitor potential gaps in Bitcoin's future performance, particularly regarding crucial trend lines and moving averages.

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