Key Insights:
- A top analyst’s Bitcoin price prediction revealed the recovery path after a drop to $95,000.
- Should the fractal play out successfully, Bitcoin could record another rebound and retest $110,000.
- The current Bitcoin 30-week cycle appears to be maturing, with price action softening near key support levels and momentum indicators rolling over.
The drop below the 300 moving average reveals a Bitcoin price prediction showing a V-shaped recovery after a possible correction below the $100,000.
In the past, each dip below this moving average has often defined a point of exhaustion among sellers, only to be followed by a decisive bullish reversal.
Bitcoin Price Prediction: Analyst on Recovery After Dip to $95k
Zooming into the daily Bitcoin chart, the 300 moving average has repeatedly acted as support since early 2023.
Every touch or brief breakdown has invited aggressive buying pressure, ultimately fueling strong recoveries and a Bitcoin price prediction.
The most recent example of this pattern led to a sharp “V-shaped” reversal, underscoring the line’s technical significance.
At the time of writing, BTC appears to be undergoing a similar setup with price action softening from mid-year highs, with BTC USD hovering just below the critical support zone.
Should the fractal play out successfully, Bitcoin price could record another rebound to $110,000.
However, a sustained close beneath the 300-day SMA could open the door to deeper corrections before the next leg higher.
Bitcoin 30-week Cycle Has Matured, Claims Expert
According to analyst Bob Loukas, the current 30-week cycle for Bitcoin price appears to be maturing, with price action softening near key support levels and momentum indicators rolling over.
Historically, this phase of the BTC USD cycle tends to test traders’ conviction before the next major directional move unfolds.
The chart highlights a well-defined setup in Bitcoin’s cyclical structure with each lasting roughly 30 to 32 weeks.
Bitcoin USD has undergone a similar pattern in the previous cycles, characterized by an early bottom, a strong mid-cycle advance, and a final corrective phase
Bitcoin Price Lost Main Support
Despite the Bitcoin price prediction, the crypto has broken below a crucial support zone that had been propping up prices for several weeks.
As per analysis by Daan Crypto Trades, the BTC USD price chart clearly shows that the $106,000–$107,000 region, once a stable floor, has now given way.
It leaves the market vulnerable to a deeper pullback toward the lower boundary of the recent range.
This breakdown comes as Bitcoin USD approaches the same area where it previously carved out a higher low following the sharp recovery from the October 10 liquidation event.
That level for Bitcoin price now stands as the final layer of structural support before a broader retracement could develop.
The visible range volume profile highlights a sharp drop-off in traded volume below current prices, suggesting limited liquidity and a greater risk of accelerated downside if selling pressure continues.
Meanwhile, market conditions beyond crypto add weight to the cautious tone. Persistent whale distribution continues creating headwinds that are difficult for the market to absorb.
A decisive reclaim of the lost support zone would be the first signal that buyers are regaining control.
Until then, Bitcoin price remains in a vulnerable technical position, and patience may prove the most prudent strategy.
Data Suggests Capitulation Phase Will Give Investors Attractive Entry Points
Selling pressure has once again put strain on recent Bitcoin buyers, many of whom now find themselves sitting on losses.
According to on-chain data on Glassnode, the Net Unrealized Profit/Loss (NUPL) indicator for short-term holders slipped into “capitulation” territory.
As of this week, NUPL stood at -0.058, a level moving toward its weakest reading since April.
Glassnode noted on X that, in the past, similar moments of stress among short-term holders have often coincided with strong accumulation phases for longer-term, patient investors.