Bitcoin’s Bull Run at Risk? Price Analysis Suggests Potential Dip Below $100K
Concerns are growing regarding the strength of Bitcoin’s upward momentum, with some analysts suggesting lower price targets and the possibility of the $100,000 support level failing. Wyckoff analysis indicates a distribution phase may lead to a significant price correction.
A recent attempt to break above $122,000 has been described as “ugly” due to a sharp rejection on the daily charts. Market participants are also keeping a close eye on the CME gap located near $117,000.
Bitcoin (BTCUSD) could be at risk of ending its bull run prematurely as price predictions are showing sub-$100,000 BTC prices possible.
According to a recent market analysis published Tuesday, traders including ZAYK Charts warn that Bitcoin could be in an ongoing “distribution phase.”
BTC Price: Wyckoff Schematic Eyes “$95,000 Zone”
Bitcoin may not be able to hold above the $100,000 level, as the cryptocurrency struggles to maintain its position above the previous all-time highs from earlier in 2025.
ZAYK Charts now believes that a drop to $95,000 is possible — a price point not witnessed since the start of May. Utilizing the Wyckoff method, the analyst suggests that BTCUSDT has already completed the “mark up” rebound phase from long-term lows and is currently in “distribution” — a phase typically associated with the reversal of an uptrend.
“Following a strong Accumulation Phase in March–April, confirmed by bullish RSI divergence, BTC experienced a significant Mark-Up phase, reaching new peaks,” the trader posted on X. “Currently, price action indicates a Distribution Phase — characterized by sideways movement and weakening momentum, reinforced by bearish RSI divergence. Should the distribution phase be confirmed, the next stage could be a Mark-Down, potentially leading to a drop towards the $95K zone.”
The $92,000 to $95,000 area has been a key level for Bitcoin since last November, acting as both support and resistance as the market experienced significant fluctuations.
Another trader, Mikybull Crypto, described the recent push beyond $122,000, which ended in rejection, as “ugly.”
According to Mikybull Crypto’s X post, BTCUSD has returned to its previous trading range, potentially benefiting altcoins.
CME Gap Looms Ahead of US CPI Report
Other market observers have adopted a less definitive stance, with trader Daan Crypto Trades focusing on the existing gap in CME Group’s Bitcoin futures.
“$BTC is Retesting the trend line it broke out of before. The 4H 200MA/EMA are coming in right below,” he stated on X Tuesday, referencing the 200-period simple and exponential moving averages on four-hour timeframes. “But remember that we still have the CME gap which sits around $117K. This could confluence with the 4H 200MA (Purple) and a wick into that region would make me look more closely for fresh longs on strong alts.”
Anticipation for market volatility is elevated as the release of key US macroeconomic data approaches, specifically the Consumer Price Index (CPI) data for July.
As reported by various media outlets, market participants expect any unexpected CPI results to have an immediate impact on crypto assets and other risk-on investments.
Disclaimer: This article is intended for informational purposes only and should not be considered investment advice. Cryptocurrency investments are inherently risky, and individuals should conduct thorough research before making any decisions.