Bitcoin (BTC), a leading cryptocurrency, is continuing to lose its momentum. It fell as low as $103,528 today due to an unsettling macroeconomic forecast. Binance has released new data that suggests BTC’s price is in the midst of a transition phase.
Bitcoin Fall Continues – When Will Bloodbath End?
Arab Chain’s CryptoQuant QuickTake article states that Bitcoin is currently going through a major transition within its cycle. Bitcoin Cycle Phase Score has recently fallen into negative territory in conjunction with the decline of BTC from $124,000 down to $107,000 in just 24 hours.
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Cycle Phase Score shows Bitcoin in its current phase by combining market trends and short term momentum (Z Score). Positive values represent upward momentum. Negative values denote short-term weakness, or correction.
Cycle Phase score declines show that BTC has lost the upward momentum it had during the two first weeks of October. After weeks of gains, the transition into negative territory indicates a phase of structural correction.
An analyst told us that a trend_signal (-1 in this case) confirms the price of BTC is below the moving average for 200 days. The price is likely to stay below the metric until BTC can break decisively through the $106,780 mark.
Similarly, the negative Z score shows that Bitcoin is significantly trading below its average short-term price, further validating short-term sales pressure. Arab Chain has added:
This movement is more of an analytical rebalancing within the cycle than a start to a downtrend. This pullback comes after a period of strong price growth, often preceded by a temporary slowdown in the momentum.
Arab Chain concluded that, if BTC’s price stabilises above $105,000 over the next days, the Cycle Phase Score could reenter a positive area. This could be a sign that the current price correction phase is over.
BTC to Fall below $100,000
BTC is trading near the $100,000 mark, and the fear in the market is that it may crash. fall The psychologically important $100 mark. Bitcoin’s recent network activity is also not very encouraging. crashed Below the average 365 day period.
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CryptoBirb, a crypto analyst firm, has also released a recent report. stated The current BTC bull-cycle is probably coming to an ending. Bitcoin’s current cycle is nearly 99.3% complete, according to the analyst.
It is worth noting that the accumulation of BTC whales shows no sign of slowing. Companies added In Q3 of 2025, they will add 176,000 BTC in total to their Treasury. BTC was trading for $105,484 at the time of publication, down 5.1% from 24 hours earlier.
Charts from TradingView.com and CryptoQuant.com.
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Source: www.newsbtc.com
