Bitcoin Breakdown in Motion – Bounce Trap Or Deeper Bear Market Warning?

Bitcoin’s recent breakdown has rattled traders, with the price slipping below key support levels and sparking fresh concerns over the market’s ￰0￱ a relief bounce may occur, many crypto analysts warn it could be nothing more than a trap before deeper losses ￰1￱ Loses Key Horizontal Support, Signals Weakness In a recent update on X, Alpha Crypto Signal highlighted that Bitcoin has now lost its crucial horizontal support ￰2￱ inability to reclaim this level quickly underscores weakness in the market, signaling that bearish pressure remains firmly in ￰3￱ breakdown, according to the analyst, opens the door for deeper downside movement in the coming ￰4￱ Reading: Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market While a minor relief bounce from the $108,000 region could occur, it is unlikely to shift the broader ￰5￱ Bitcoin reclaims the broken support level with conviction, any short-term upward moves may only serve as setups for further ￰6￱ suggests that bulls could struggle to regain control unless a decisive recovery ￰7￱ analyst further noted that the current structure favors sellers, with bounces seen as opportunities for short entries rather than signals of a potential trend ￰8￱ aligns with the broader bearish momentum observed across Bitcoin’s price action since the loss of its support ￰9￱ it stands, the bias remains firmly bearish, with lower targets likely to remain in play until Bitcoin proves otherwise by reclaiming the lost horizontal ￰10￱ Slips Below The 100 EMA: A Bearish Signal Unfolds According to Cryptorphic, Bitcoin has fallen below the 100 EMA on the daily chart, a level widely regarded as a key trend ￰11￱ analyst explained that this breakdown is not a favorable sign for the bulls, as it often signals weakening momentum and the possibility of a deeper ￰12￱ Reading: Bitcoin Price Faces Heavy Obstacles on Its Recovery Journey This recurring pattern adds weight to the current bearish outlook, reinforcing the idea that the market may need to absorb additional downside pressure before ￰13￱ the loss of this support, Cryptorphic pointed out that the next area of interest lies around $103,000, where further correction could find temporary ￰14￱ conclusion, the crypto analyst made it clear that his focus will remain on whether Bitcoin can swiftly reclaim the 100 EMA in the coming sessions.

A strong recovery above this level, he explained, would help preserve the broader uptrend and restore confidence among market participants. However, failure to reclaim the 100 EMA would likely allow bearish momentum to build further, increasing the risk of extended declines and testing lower ￰15￱ image from Getty Images, chart from ￰16￱