A recent debate is swirling in the cryptocurrency community about the potential impact of Bitcoin dipping below the $105,000 mark. The question: Could such a slip signal the end of the current bull cycle? Prominent market analyst, CrediBULL Crypto, has weighed in, offering a nuanced perspective that challenges the prevailing panic.
The $105,000 Threshold: Panic or Patience?
In a series of late-night tweets to his 476,000 followers, CrediBULL Crypto argued that while dropping below $105,000 is significant, it does not spell doom for Bitcoin’s larger uptrend. “No, if $105,000 is lost it’s not ‘over’ it just means the most aggressive/bullish scenario is out of play and a deeper correction is a lot more likely,” he clarified. This sentiment reflects a broader understanding that market dynamics are complex and often resilient in the face of short-term volatility.
His analysis points to the $107,000–$110,000 zone as a pivotal area on the BTC chart. “This is the most likely zone for a full-on reversal—it doesn’t mean it is guaranteed of course but this is the last place it makes sense to start flipping bearish,” he emphasized. For those fretting over potential declines, CrediBULL’s insights suggest a deeper corrective phase might be in play, but not necessarily a structural collapse.
Navigating the Market’s Choppy Waters
So, what scenarios could unfold? CrediBULL Crypto outlines three potential paths for Bitcoin. The first scenario—now unlikely—suggested a compact fourth-wave pause. But, like a plot twist, the corrective phase has overstayed its welcome and retraced too deeply, making this scenario less probable.
The second scenario—the analyst’s favored bullish outlook—envisions the rally from roughly $105,000 as the first completed wave of a new advance. In this reading, the market is possibly tracing a wave-two pullback. Should this play out, Bitcoin could push toward the mid-$130,000s before continuing its upward march. This makes the $107,000–110,000 range an attractive “best R:R for longs,” offering a strategic entry point for investors. As explored in our recent coverage of Bitcoin price breakout to $117K, such movements have previously liquidated bears and opened doors to fresh all-time highs.
The third scenario retains a broader corrective framework. Here, the recent pop above range highs is seen as corrective rather than impulsive—a notion that technicians might describe as a three-leg rise with overlap. This scenario envisions the possibility of a deeper sweep into demand territories, either defending the June/July lows or probing further into the $98,000 zone.
Reflecting on Historical Patterns
In the grand tapestry of Bitcoin’s price history, these scenarios are not unprecedented. Market corrections are a staple of cryptocurrency trading, often serving as necessary pauses that precede renewed rallies. The high-time-frame structure—according to CrediBULL—is not jeopardized unless Bitcoin falls below the $74,000–$75,000 range. This area marks the genesis of the prior impulse and acts as a critical threshold for maintaining the current cycle’s integrity.
As Bitcoin currently trades around $110,019, with an intraday low of $108,666, investors are left to ponder the implications of these technical levels. The market’s mood is a blend of optimism and caution, reflective of a community that has weathered similar storms before. For a deeper dive into the resistance levels Bitcoin faces, see our Bitcoin Price Analysis.
Looking Ahead: A Cautiously Optimistic Outlook
The cryptocurrency landscape is never short of surprises, and Bitcoin’s path remains as unpredictable as ever. However, CrediBULL Crypto’s analysis provides a framework for understanding potential market movements. While the $105,000 level is a focal point for many, the broader trend remains intact, at least for now.
The coming months will be critical in determining whether Bitcoin can sustain its upward trajectory or if a deeper correction is on the horizon. Investors and enthusiasts alike will be watching closely, eager to see how these scenarios unfold and what opportunities may arise. As always, in the volatile world of cryptocurrency, it’s wise to stay informed, stay flexible, and perhaps—most importantly—stay calm.
Source
This article is based on: Is $105,000 The Bitcoin Bull Run Killer Or Just Noise? Top Analyst Explains
Further Reading
Deepen your understanding with these related articles:
- Bitcoin late longs wiped out as sub-$110K BTC price calls grow louder
- Bitcoin Price In A Trend Shift? Here’s Why $118K Might Be Vital For A Bullish Return
- What Bitcoin’s Weekend Dip Means for the Crypto Bulls
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
