🟦Bitcoin has entered a pronounced bearish phase: CryptoQuant’s Bull Market Support indicator has fallen to an extreme low, while the price has broken below the yearly moving average, turning the $102,000 level into a major resistance zone. Weakening demand from corporate treasuries and slowing inflows into spot ETFs have removed key drivers that previously supported upward momentum.
🟦Analysts note that the current trend fits within the structure of Bitcoin’s four-year cycles, though this does not imply an imminent crash. Short-term rallies remain possible even in a bearish environment, while the $90,000–$92,000 range now represents a critical support area.