Bitcoin’s upward momentum shows signs of weakening as technical indicators suggest a potential pullback toward the $100,000 support level, even as the overall trend stays bullish.
Currently trading near $108,000, Bitcoin remains inside its ascending channel that has driven prices from $75,000 to above $110,000. However, the recent slowdown comes despite bullish headlines like the Trump family media’s $3 billion crypto acquisition plan.
The 30-day rate of change (ROC) indicator reveals a bearish divergence: Bitcoin’s price is climbing, but the momentum gauge is forming lower highs, signaling a possible loss of upward strength.
Moreover, the daily MACD histogram has turned negative, highlighting a shift toward bearish momentum.
This confluence of signals indicates Bitcoin could break below its ascending channel, testing the key psychological and technical support at $100,000.
Nonetheless, longer-term indicators remain favorable, underscored by the golden cross of the 50- and 200-day moving averages, which suggests the bullish trend is intact despite short-term volatility.
