The crypto market is on edge again. A critical Bitcoin support level is breaking, and a new technical pattern is forming that could signal another major move. Let’s go through the latest Bitcoin technical analysis, price targets, and what to expect in the days ahead.
Weekly Chart: Momentum Is Fading
On the weekly Bitcoin chart, the SuperTrend indicator is still green — confirming that the long-term bull market is intact.
However, there’s now a bearish divergence confirmed on the weekly RSI. Bitcoin’s price made a higher high, but RSI made a lower high. That’s a sign of fading momentum, and it often leads to sideways or corrective phases that last one to two months.
So even if short-term volatility looks bullish, the larger picture suggests that Bitcoin may slow down or correct in the coming weeks.
Daily Chart: Key Support Under Attack
Zooming into the daily Bitcoin chart, price action looks eerily similar to February’s flash crash.
The critical ascending support line sits between $109,000 and $110,000 — but Bitcoin has now dipped below it intraday. A daily candle close below $109K would confirm a breakdown and potentially start a deeper pullback.
If that happens, the next downside targets based on Fibonacci retracement and historical support are:
- $106,000–$107,000 — minor support
- $100,000 (50% retracement + psychological level) — major target
- $92,000–$94,000 — the golden pocket of support
If Bitcoin closes back above $110K, the move below could just be a fakeout — a candle wick without a confirmed breakdown.
Short-Term Chart: Bullish Divergence Forming
There’s a bit of good news. On the 4-hour chart, a bullish divergence is starting to form — lower lows in price, but higher lows in RSI.
If confirmed with a small bounce, this could lead to short-term relief or sideways consolidation. Most 4-hour divergences play out over a few days before losing strength.
However, without confirmation (two consecutive higher RSI closes), this signal remains unconfirmed. A larger dump could easily erase the divergence.
Immediate Price Scenarios
Right now, Bitcoin could go one of two ways:
- Short-term bounce:
If the bullish divergence confirms, expect a minor rally toward $113K–$116K, where liquidity is building. - Confirmed breakdown:
A close below $108K would likely trigger a move toward $100K–$106K, aligning with the 50% retracement level and past lows.
Either way, volatility is set to spike — traders should stay cautious and ready for both outcomes.
Altcoin Market Outlook
Ethereum (ETH) is hovering around its key support between $3,900–$4,100. A confirmed Bitcoin breakdown could easily drag ETH below $3,900, opening the door to $3,500–$3,700.
Solana (SOL) is retesting the $190–$200 range. A confirmed break lower targets $170, with additional support at $157 and $143–$146.
XRP remains under a long-term bearish divergence from earlier in the year. If it falls below $2.30, the next target sits near $2.00–$2.05.
Chainlink (LINK) continues to hold $17.50 support, but failure here could send it toward $15.50.
Bitcoin Dominance and Market Context
The Bitcoin dominance chart still shows a bullish divergence, suggesting Bitcoin could outperform altcoins even during pullbacks. That means altcoins are more vulnerable right now, and further BTC weakness could lead to sharper altcoin drops.
For traders, that means staying defensive — either reducing altcoin exposure or focusing on high-liquidity BTC pairs.
Bitcoin Price Targets Recap
| Time Frame | Support | Resistance | Notes |
|---|---|---|---|
| 4H | $109K | $113K–$116K | Watch for short-term bounce |
| Daily | $108K | $120K | Breakdown triggers correction |
| Weekly | $100K | $124K | Key psychological level |
| Long-Term | $92K–$94K | $135K+ | Golden pocket and recovery zone |
Final Thoughts: Prepare for Volatility
This is a make-or-break moment for Bitcoin. The next few daily candle closes will decide whether the correction deepens or stabilizes.
If Bitcoin confirms a close below $108K–$109K, the $100,000 level becomes the next magnet zone — and it could take weeks to recover.
On the other hand, a quick reclaim of support above $110K would reset the trend and invalidate the bearish setup.
Either way, expect volatile swings and heightened liquidation risks in the coming days.
For real-time Bitcoin data and technical updates, visit CoinMarketCap’s Bitcoin Tracker.
Pravin is a tech enthusiast and Salesforce developer with deep expertise in AI, mobile gadgets, coding, and automotive technology. At Thoughtsverser, he shares practical insights and research-driven content on the latest tech and innovations shaping our world.
