Bitcoin’s Momentum Indicator Points to Possible Retreat Toward $100K, Raising Pullback Concerns

Bitcoin’s recent surge appears to be losing steam as technical signals hint at a potential retracement toward the $100,000 support level, although the broader trend remains optimistic.

Trading around $108,000, Bitcoin (BTC) is hovering near the bottom of its bullish ascending channel—a trend that propelled prices from $75,000 to just above $110,000, according to TradingView.

Despite news of a $3 billion crypto acquisition plan by a Trump family media company, market momentum has slowed in the last 24 hours, suggesting traders might be taking profits or awaiting clearer signals.

A key momentum indicator, the 30-day rate of change (ROC), shows a bearish divergence: while Bitcoin’s price reached new highs, the ROC has been forming lower peaks. This discrepancy often signals weakening buying pressure and a possible upcoming correction.

Additionally, the MACD histogram on the daily chart has shifted into negative territory, reinforcing the bearish momentum.

These warning signs imply Bitcoin could slip out of its bullish channel and revisit the critical $100,000 support zone—a level that previously acted as resistance before becoming a strong floor.

Still, the outlook remains largely positive, supported by the recent golden cross of the 50-day and 200-day moving averages, which typically signals continued upward momentum over the medium term.

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