Time to Leave Market As Bitcoin Dips before $104K - Is this the End of Bullrun?
Bitcoin (BTC) has pulled back sharply from its recent highs, trading at approximately $104,644 after reaching a local peak near $112,000 earlier this week. The move marks a nearly 6.5% correction from its recent top, sparking renewed debate over whether this is a healthy consolidation or a sign of deeper retracement ahead.
The leading cryptocurrency had staged an impressive rally throughout May, gaining momentum from below $80,000 and breaking past key resistance levels to cross the psychological $100,000 mark for the second time in 2025. However, the current price action shows a series of red daily candles, indicating short-term selling pressure and potential profit-taking by investors.
Analysts are closely watching the $102,000–$103,000 support zone, which could serve as a critical level to maintain bullish momentum. A break below this range might open the door to further downside, possibly toward $96,000 or $92,000, while a strong bounce could reaffirm bullish sentiment and keep the longer-term uptrend intact.
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