$BTC The breakdown below these supports, combined with patterns such as a descending channel and the breakout of the Ichimoku ascending wedge, indicates bearish momentum and possible new declines towards $100,000 or even $96,000.

However, the broader medium to long-term outlook remains bullish. Analysts highlight strong institutional accumulation, a golden cross in moving averages, and technical patterns suggesting that Bitcoin could retest and surpass previous highs near $112,000 and potentially reach between $150,000 and $230,000 by the end of 2025. The current correction is seen by many as a technical correction or a profit-taking opportunity rather than a trend reversal.