Bitcoin Shows Signs of Potential Pullback to $100,000
Bitcoin Price Analysis
Bitcoin's price rally has paused, showing signs of a potential pullback:
- Current trading price is near $108,000.
- Recent rise from $75,000 to over $110,000 is under scrutiny.
- No significant bullish activity reported in the last 24 hours despite news of a $3 billion crypto acquisition plan by the Trump family media company.
- The 30-day rate of change (ROC) shows "bearish divergence," indicating weakening momentum.
- Lower highs in the ROC suggest potential price corrections.
- The MACD histogram has turned negative, signaling a bearish trend shift.
- BTC may drop out of its upward channel, potentially testing support at $100,000.
- Overall outlook remains positive due to a recent golden cross between the 50- and 200-day simple moving averages.
