Market strategist warns fading momentum could delay new 2025 highs amid technical breakdown
Bitcoin slipped below its June low, extending a week-long decline that reflects persistent U.S. trading-hour weakness and dampened investor sentiment. The leading cryptocurrency dropped to around $98,000, erasing short-term gains and signaling a potential shift in market structure as traders reassess the outlook for a fresh 2025 high.
The move follows repeated rejections near the $105,000–$107,000 resistance zone, where sell orders have consistently capped bullish momentum. On the daily chart, Bitcoin has now confirmed a Break of Structure (BOS) below a crucial support band, often interpreted as a sign of a near-term bearish continuation.
“Crypto’s U.S. trading-hour weakness continues as hopes for a new 2025 BTC high fade,” said BitXJournal market strategist tracking institutional flow patterns. “This isn’t capitulation, but it does show that traders are cautious and waiting for a deeper liquidity test before re-entering long positions.”
Technical indicators suggest that Bitcoin’s next critical demand area lies between $94,000 and $95,000, aligning with previous accumulation zones from early Q2. Analysts view this region as a potential foundation for a bullish reversal if buyers step in to absorb selling pressure. Historical data shows similar price behavior preceding major rallies, making this support area one of the most closely watched zones of the year.
Still, some strategists caution that unless Bitcoin reclaims $101,000 with strong volume, the market could remain under pressure through late November. A sustained drop below $95,000 would likely invalidate the bullish structure and open the door to a deeper correction toward $90,000.
“The $95K zone is the line in the sand,” BitXJournal technical analyst noted. “If Bitcoin holds it, we could see renewed momentum into year-end. If not, the market will likely enter a longer consolidation phase.”
In summary, while Bitcoin’s break below the June low has injected short-term uncertainty, traders are closely watching the $95K support zone for confirmation of strength. A rebound from this level could restore bullish confidence and reframe the outlook for a potential retest of the $110K resistance band in the coming months.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.