Bitcoin’s Bull Run Hits a Snag: Momentum Flashes Warning Signal for $100K Retest

Bitcoin’s parabolic rally might be running out of steam—at least temporarily. A key momentum indicator just printed its first bearish divergence since the 2024 halving, signaling potential exhaustion among buyers.

Technical traders are eyeing $100K as the next logical support level if the sell-off accelerates. Not exactly catastrophic for an asset that traded below $30K eighteen months ago—but enough to trigger margin calls for overleveraged ’long-term hodlers.’

Meanwhile, Wall Street analysts who dismissed BTC at $60K are suddenly experts on ’overheated crypto markets.’ Funny how that works.

Although Bitcoin remains within a bullish upward channel, the 30-day ROC is forming lower highs, signaling a bearish divergence and weakening momentum.

Additionally, the daily chart moving average convergence divergence (MACD) histogram, an indicator widely used to gauge trend strength and changes, has flipped negative, indicating a bearish shift in momentum.

All this means that BTC could dive out of the bullish ascending channel, potentially revisiting the major psychological resistance-turned-support at $100,000.

The broader outlook remains constructive, consistent with the recent golden cross of the 50- and 200-day simple moving averages (SMAs).