Will Bitcoin’s Bull Market End at $100K? Trader Warns 😱💰

by

Key points:

  • In the vast expanse of the financial world, where bulls and bears dance to the tune of the market, a dire prediction looms: If Bitcoin bulls let go of the $100,000 support, they might as well wave goodbye to their beloved bull market.

  • The technical charts, those mysterious maps of the future, show a fierce battle between bullish and bearish Relative Strength Index (RSI) signals. Who will win this cosmic struggle?

  • Yet, amidst the chaos, some brave souls see an opportunity to buy the dip just above the $100,000 mark. Are they mad, or are they geniuses? Only time will tell. 🕰️💼

Bitcoin (BTC), the digital phoenix of the modern age, faces a critical juncture. If it fails to maintain the $100,000 support, a new warning suggests, the bull market may come to a screeching halt.

In his latest prophecy on the social media plains, the renowned trader Roman foretold that the fall of six-figure BTC prices would signal the end of the bull cycle. “It’s like watching a grand opera,” he mused, “where every note counts, and the final act could be the most dramatic of all.”

Bitcoin’s Fate Hinges on $100,000 Support

Bitcoin, ever the trickster, has once again confounded market sentiment with its latest dip, plunging BTC/USD by 15% from its all-time highs above $125,000. A spectacle worthy of the Roman Colosseum, one might say.

Roman, along with other seers, anticipates a retest of levels closer to $100,000 and below. Should the bulls falter and fail to hold this crucial psychological barrier, the consequences will be dire indeed.

“The landscape is grim,” Roman lamented, presenting the daily BTC/USDT chart as evidence. “We’ve lost our uptrend and 112k support. The 98-100k level is now the last bastion of hope. Lose that, and we *officially* confirm the bull run is over.” 🚀💔

Roman further noted that on higher timeframes, Bitcoin exhibits signs of exhaustion, a condition he had previously documented in August. These symptoms include low trading volume at the peaks and a bearish divergence on the RSI indicator.

However, as CryptoMoon reported, four-hour charts are beginning to show a new bullish divergence on RSI, often a harbinger of an impending uptrend. The data from CryptoMoon Markets Pro and TradingView confirmed this bullish divergence was still unfolding as of Sunday.

RSI Bullish Divergences Spark Hope

Despite the gloom, some market participants clung to the hope of a broader crypto market rebound, guided by the current market structure.

“Should this level hold, a new all-time high within the next 4-6 weeks is entirely possible,” fellow trader ZYN declared to his X followers, showcasing a weekly RSI bullish divergence. “This isn’t mere hope; it’s the structure of the market itself.” 📈✨

Others saw the $100,000 mark not as a reason to flee but as an ideal entry point. “It’s clear that Bitcoin is not in an uptrend in the short term,” crypto trader, analyst, and entrepreneur Michaël van de Poppe conceded. “But I believe the area around $102-104K offers the best opportunity to accumulate positions.” 💡📈

At the time of writing, BTC/USD was down about 6.5% for August, a performance that, while disappointing, still outshone the previous four years, according to data from CoinGlass.

Read More

2025-08-31 20:51