
Bitcoin continues to test investors’ nerves as it hovers near the critical $102,000 support zone. With sellers dominating the market, analysts suggest the cryptocurrency may be entering a pivotal phase — one that could either confirm deeper weakness or trigger a powerful rebound.
The recent correction has shaken market sentiment, but some experts argue that this “final flush” may be necessary before Bitcoin regains its bullish footing.
After attempting to stabilize above the $107,000–$108,000 support range, Bitcoin failed to hold the line, signaling renewed bearish control. According to market analyst Crypto Candy, the breakdown below this level marked a significant shift in short-term momentum.
He explained that the $107,000–$108,000 range, which previously acted as strong support, has now flipped into a resistance zone. This means any recovery attempts toward that level could face immediate selling pressure as traders look to exit positions or short the bounce.
The recent downward momentum has pushed Bitcoin toward the $102,000 zone, with analysts viewing it as the next critical area of support. Historically, similar corrections have served as “cleansing events,” helping to remove excessive leverage and pave the way for a healthier long-term trend.
As the market continues to digest the latest downturn, many traders are focusing on the $99,000–$101,000 range — widely considered a key zone for potential accumulation. Crypto Candy noted that a dip into this area could trigger renewed buying interest, as long-term investors look to capitalize on the pullback.
“This region is crucial for Bitcoin’s next move,” the analyst said. “A controlled decline into this zone could reset overextended positions and give the market the structure it needs for a sustainable rebound.”
He added that such corrections are often followed by strong reversals once liquidity builds at key support levels. In his view, the current dip should be seen as a temporary retracement rather than the beginning of a prolonged bear phase.
In his latest market update, prominent analyst Super฿ro echoed similar sentiments, describing $102,000 as a “flush zone” — a level where the market could wash out remaining leveraged long positions.
According to him, this process of “flushing” weak hands is essential to strengthen market structure and prepare for the next bullish leg. “These shakeouts are often painful but necessary,” he said. “Once leveraged longs are cleared, the market tends to find balance and move higher with more conviction.”
Super฿ro emphasized that if Bitcoin holds the $102,000 area and buyers step in with volume, a strong rebound could follow — potentially triggering a short squeeze as bearish traders rush to close positions. This could create the fuel for Bitcoin to reclaim lost levels and possibly re-test the $107,000–$108,000 resistance range.
For now, Bitcoin remains vulnerable below $104,000. However, analysts agree that a decisive break and close above the $107,000–$108,000 resistance band could reverse market sentiment.
“Reclaiming that range would indicate renewed bullish momentum,” Crypto Candy noted. “It would show that demand is stepping back in and the market is ready to aim for higher levels again.”
In that scenario, Bitcoin could target the next resistance near $111,000, followed by potential retests of $115,000 or higher. But until a strong recovery forms, traders are urged to exercise caution, as volatility remains elevated.
Despite the price decline, Bitcoin’s trading volume has spiked by nearly 79% in the past 24 hours, suggesting heightened market participation. This increase in volume often precedes larger directional moves — meaning the coming days could define Bitcoin’s short-term trend.
At press time, BTC is trading near $104,000, down more than 3% over the past day. The cryptocurrency remains the focal point of market attention, as traders debate whether the ongoing correction is a setup for a bullish reversal or the start of a deeper decline.
While short-term price action looks shaky, macro indicators remain supportive of Bitcoin’s long-term outlook. Institutional inflows into spot Bitcoin ETFs have slowed but not reversed, and on-chain data shows long-term holders are largely unmoved by recent volatility.
Additionally, inflation concerns and central bank policies continue to make Bitcoin an attractive hedge for investors seeking alternative stores of value.
“Corrections like this are part of the broader cycle,” said Super฿ro. “As long as Bitcoin maintains higher lows on the long-term chart, the overall trend remains bullish.”
Bitcoin’s struggle near $102,000 has reignited debates about the strength of its parabolic run. While bears appear to be in control for now, analysts suggest this phase may represent the final shakeout before a larger move higher.
If BTC holds its key support zones and reclaims $107,000 with volume, a recovery toward $111,000 or beyond could unfold. For traders, the next few days will be crucial — as the market decides whether this flush marks the end of the correction or the start of a deeper slide.
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