Can Bitcoin Bulls Avoid The Cycle’s Fourth ‘death Cross’ At $102k?

Bitcoin traders focused on the weekly close amid flat BTC price action and warned that the whole bull market could end with a bad result.

Bitcoin faces an important weekly close with several key price levels on the line.

The bull market’s future is still at stake, a trader says, amid ongoing whale selling.

Risk assets should gain from a reduction in US trade tariffs or the end of the government shutdown.

Bitcoin (BTC) wedged itself in a narrow range ahead of a key weekly close with $100,000 support at stake.

Data from Cointelegraph Markets Pro and TradingView showed BTC price inertia characterizing weekend trading.

Volatility was lacking, but market participants were keen to see how the weekly candle would close.

“Key level of the week: $103.5K,” trader Titan of Crypto wrote in a post on X.

Titan of Crypto based the significance of that price point on Fibonacci retracement levels, with the bull market potentially at stake.

“A weekly close below isn’t dramatic, but a confirmed breakdown next week would signal the bull market is likely over. Not there yet,” he added.

Source: CoinTelegraph