#BTCPriceAnalysis

Bitcoin's price is expected to reach $104,000.

Based on historical patterns, Bitcoin (BTC) could fall again to around $104,000 before the crypto bull market resumes.

Bitcoin's long-term support technical indicator is the 50-week simple moving average, currently around $102,500.

This level has served as solid support four times since the mid-2023 bull market began and is likely to be tested again.

There is still a lot of leverage in the market on Thursday, and there appears to be a large liquidity cluster around $104,000.
It will likely break below that level.

The market always feels its worst just before it reverses direction. The last two times Bitcoin markets touched indicators were in April 2025, when it fell to $74,000, and in August 2024, when it fell to $49,000.

Both times, market sentiment was completely exhausted, just as it is now. And both times, it reversed direction sharply after touching that level.
The final stages of the correction suggest this bearish sentiment will be the final correction.

We are seeing a repeat of the final stages of the September correction, this time with less intense profit-taking.

The current market structure appears to be "opening the door to $102,000," and a major reversal is now very close.

Bitcoin could fall to $104,000 as part of a healthy market correction driven by profit-taking and macroeconomic uncertainty. However, fundamentals and institutional interest remain strong, paving the way for a strong resumption of the bull market.

Throughout this cycle, the 200-day exponential moving average has served as a key support area. While there has been some volatility at this level during periods of uncertainty, the price has never broken the trend for more than a month.
Bitcoin has remained relatively stable over the past 24 hours, hovering around $108,000, a key support-turned-resistance level.

On Tuesday, it briefly rose to $113,000, but quickly retreated to $107,000, stabilizing at the resistance level and beginning a consolidation period.