Bitcoin Cycle Score Negative, Trades Below $106,780 Amid Price Correction
Bitcoin Market Update
- Bitcoin's price fell to $103,528 amid a challenging global macroeconomic environment.
- The Bitcoin Cycle Phase Score has turned negative, indicating short-term weakness following recent gains.
- BTC's price has dropped below the 200-day moving average, signaling continued vulnerability unless it surpasses $106,780.
- Short-term selling pressure is evident as BTC trades below its short-term average.
- Stabilizing above $105,000 could lead to a positive shift in the Cycle Phase Score, ending the current correction phase.
Market Concerns and Trends
- Concerns about BTC falling below $100,000 are rising as network activity drops below the 365-day average.
- Analyst CryptoBirb suggests the BTC bull cycle is nearing completion, with 99.3% progress.
- Despite the downturn, large-scale BTC accumulation continues, with 176,000 BTC added to corporate treasuries in Q3 2025.
- Current BTC trading price: $105,484, reflecting a 5.1% decrease over the past 24 hours.
