Bitcoin is currently trading near the $104,000 level and continues to struggle to gain momentum in the short term. As anticipated in our previous analysis, BTC broke below the $105,500 support after facing rejection from the $112,000 resistance zone. This move confirmed weakness in the structure as the price failed to hold above key support levels. At present, Bitcoin is trading below its short-term moving averages, indicating that bears remain in control. If the daily candle closes below the $105,500 level, it could open the door for a deeper correction toward lower support areas. Let’s take a closer look at the latest charts to understand where the price might be headed next.

Our Bitcoin Price Prediction Summary

• Bitcoin is breaking below the $105,500 support, confirming continued bearish control.
• Price action points toward a potential retest of the $100,000 zone as selling pressure intensifies.
• The weekly bearish divergence still dominates the trend, keeping the broader outlook negative for now.

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Analyzing the Bitcoin Charts

Short-Term Breakdown Highlights Bearish Control

Looking at the latest 4-hour chart for Bitcoin, the first noticeable thing is that the price is breaking below the crucial $105,500 support level. Bitcoin had been holding this zone for some time and even managed a decent bounce during the previous retest. However, the price is now trading below it, suggesting weakening momentum. If multiple 4-hour candles close beneath this level, it would likely confirm the continuation of the ongoing downtrend. There is a potential bullish divergence forming on the RSI, but it will only gain significance if the support level holds and buyers step in to defend it in the immediate short term.

Daily Structure Turns Weak as Support Gives Way

Shifting to the 1-day timeframe, a similar pattern can be seen as the price is currently pushing the daily candle below the $105,500 support level. This remains the most important area to watch right now because a confirmed daily close below it would signal a clear break of support and extend the ongoing correction. The charts also show that Bitcoin lost its trendline support earlier and faced rejection upon retesting it, which triggered the sell-off now driving the price lower. The main support zone we are watching next lies around the $100,000 level, a target we have been anticipating for the past month.

Long-Term Divergence Keeps Pressure on Bulls

Lastly, the bearish divergence on the 1-week timeframe, which we have highlighted several times in our previous analyses, remains a key factor in Bitcoin’s current downtrend. This divergence cannot be overlooked as it continues to drive selling pressure and signals the possibility of further correction. Our first target for this bearish setup was around the $100,000 level, and the price now appears to be moving toward that zone. This is also why our current Bitcoin price prediction continues to lean toward the bearish side.

Final Takeaway: What is Next for Bitcoin?

Bitcoin remains under selling pressure after finally breaking below the $105,500 support level. The price had been holding this zone for the past few weeks, but the current push below it shows that sellers are still in control. The rejection from the $112,000 area earlier in the move added to the weakness, pushing BTC into a deeper correction. Both the 4-hour and daily charts point toward continued downside, while the weekly bearish divergence continues to weigh on the broader trend. The next key area to watch is around $100,000, where Bitcoin could attempt to find support. If buyers manage to defend this level and reclaim $105,500, it could signal a short-term recovery. Until then, the broader outlook for BTC remains tilted to the bearish side.