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Will Bitcoin Bounce Back? Find Out When the Correction Ends as Cycle Score Dips Below $106,780!
In today’s bitcoin news, Bitcoin (BTC) continues to face a downward trajectory, dropping to $103,528 amid a turbulent global macroeconomic environment. Recent insights from Binance indicate that BTC is navigating a crucial transition phase within its price cycle.
The Bitcoin Cycle Phase Score has recently turned negative, reflecting a decline in BTC’s value that plummeted from $124,000 to approximately $107,000 within a mere 24 hours. This shift raises concerns among investors and traders alike about when the current market correction will stabilize.
Understanding the Cycle Phase Score
The Cycle Phase Score is a composite indicator that evaluates market trend dynamics and short-term momentum (Z-Score). Positive values typically suggest upward momentum, while negative values signify short-term weakness or potential corrections. The latest decline in the Cycle Phase Score indicates that Bitcoin has lost some of the upward momentum that characterized the first half of October.
This transition into negative territory suggests the onset of a structural correction phase, following a period of sustained gains. Analysts note that a trend_signal of -1 confirms that BTC’s price has dipped below the critical 200-day moving average. Until Bitcoin can decisively break through the $106,780 resistance level, it is likely to remain below this important metric.
Additionally, the negative Z-score indicates that Bitcoin is trading significantly below its short-term average, emphasizing the prevailing short-term selling pressure in the market. This data further supports the notion that the market may be experiencing a rebalancing phase rather than signaling a long-term downturn.
Market Sentiment: Will BTC Fall Below $100,000?
As Bitcoin hovers near the mid-$100,000 range, market fears are escalating about the potential for it to dip below the psychologically significant $100,000 mark. On-chain data does not provide much reassurance, as recent Bitcoin network activity has fallen below the 365-day average.
Further complicating the outlook, crypto analyst CryptoBirb has indicated that the current BTC bull cycle is nearing its conclusion, estimating that Bitcoin is approximately 99.3% through its current cycle. However, it’s noteworthy that whale accumulation remains robust; companies added a staggering 176,000 BTC to their treasuries during Q3 2025.
Despite these mixed signals, if BTC can find stability above the $105,000 threshold in the upcoming days, the Cycle Phase Score could potentially re-enter positive territory. Such a development could mark the end of the current price correction phase, fostering renewed investor confidence.
Looking Ahead
As the cryptocurrency market grapples with uncertainty and fluctuations, traders should remain vigilant. The coming days will be critical in determining whether Bitcoin can regain its footing or if further declines are imminent. For ongoing updates and analysis, be sure to check out our crypto section.
In conclusion, while current indicators suggest a challenging environment for Bitcoin, the potential for a rebound exists, contingent on market dynamics and investor sentiment. As we navigate this complex landscape, staying informed will be essential for making sound investment decisions.
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