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Is Bitcoin’s Downturn Approaching an End? What to Know as Values Dip Below $106,780
In the latest bitcoin news, Bitcoin (BTC) has seen a significant decline, falling to $103,528 earlier today. This drop occurs amid growing uncertainty in the global macroeconomic landscape, leading many investors to question the future trajectory of the flagship cryptocurrency. According to fresh data from Binance, Bitcoin is currently in a pivotal transition phase within its price cycle, raising concerns about the timing and potential depth of its correction.
The recent downturn is evident as Bitcoin’s Cycle Phase Score has entered negative territory. This shift coincides with a rapid price drop from $124,000 to approximately $107,000 within just 24 hours. The Cycle Phase Score is a key indicator combining market trends with short-term momentum (Z-Score), illustrating Bitcoin’s current phase. Positive values typically indicate upward momentum, while negative values signal weakness or potential corrections.
The decline in the Cycle Phase Score suggests that Bitcoin has lost the upward momentum it experienced earlier in October. This transition into negative territory marks the beginning of a structural correction phase, following a series of consecutive gains. According to analysts, a trend_signal of -1 indicates that Bitcoin’s price has fallen below the crucial 200-day moving average, implying it may continue trading under this threshold until it decisively breaks through the resistance level of $106,780.
Moreover, a negative Z-score reinforces the notion that Bitcoin’s price is trading significantly below its short-term average, further confirming the impact of short-term selling pressure. Some analysts, like Arab Chain, view this movement as a rebalancing phase within the ongoing cycle rather than the onset of a long-term downtrend. They argue that such pullbacks often follow periods of robust price expansion and are typically temporary pauses before the main trend resumes.
Arab Chain also notes that if Bitcoin stabilizes above $105,000 in the coming days, the Cycle Phase Score might re-enter the positive zone, potentially signaling the end of the current correction phase. Observers are now left to ponder: will BTC indeed dip below the psychological $100,000 mark?
As Bitcoin hovers around the mid-$100,000 level, market apprehension grows regarding a potential decline beneath this critical threshold. On-chain data does not provide much optimism, as recent Bitcoin network activity has dropped below its 365-day average. Additionally, crypto analyst CryptoBirb has expressed concerns that the current Bitcoin bull cycle may be nearing its conclusion, suggesting that Bitcoin is nearly 99.3% through its existing cycle.
Despite these bearish signals, whale accumulation remains robust. Companies have collectively added 176,000 BTC to their treasuries during Q3 2025, indicating that institutional interest in Bitcoin remains strong. At the time of writing, BTC trades at $105,484, reflecting a 5.1% decline in the past 24 hours.
For those keen on understanding the dynamics of Bitcoin’s price movements, it is crucial to monitor the evolving Cycle Phase Score and on-chain metrics. Investors should stay informed on potential trends that could impact their investment strategies. For more insights into cryptocurrency trends, visit our crypto section. If you’re looking to trade or invest in cryptocurrencies, consider checking out Binance for the latest market opportunities.
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