Bitcoin News Today: Bitcoin's $100K support line could decide the fate of the bull market.

Bitcoin short-term holders have generated a rare signal suggesting a potential bottom in BTC’s price at $107,000, according to recent analysis from market commentators. This comes as traders and analysts assess whether Bitcoin can hold key support levels that have become critical to the current bull cycle. With Bitcoin fluctuating around the $108,000 range, technical indicators such as the Relative Strength Index (RSI) are showing divergences that some interpret as early signs of a bullish reversal.

Ostium Labs, in its latest market outlook, identified $98,000 as a critical threshold for Bitcoin’s weekly structure. The firm warned that a close below this level would shift the momentum bearish, while remaining above it supports a continuation of the bullish trend. According to Ostium, the monthly chart shows no definitive signs of a cyclical top similar to the 2021 peak, although the absence of confirmation from the Awesome Oscillator remains a point of caution. The firm emphasized the need for Bitcoin to form a higher low and reclaim momentum to maintain the uptrend.

On the daily timeframe, Bitcoin has faced an orderly pullback, with key resistance at $112,000 serving as a focal point. Ostium noted that a breakout and close above this level would strongly suggest the bottom is in. Conversely, a failed attempt could push prices toward the $104.5k June open and the 200-day moving average at $101.3k. CoinGlass liquidation heatmaps further highlight concentrated liquidation zones above $114k and clustered demand below $120k, offering a clearer picture of potential price behavior during key swings.

Analysts like Roman and ZYN also weighed in on the situation, emphasizing the psychological significance of the $100,000 level. Roman warned that losing this support could mark the official end of the bull run, while ZYN pointed to a weekly RSI bullish divergence as a structural signal of potential recovery. This divergence, seen on four-hour and weekly charts, has given some traders hope for a return of the uptrend, with a potential new all-time high in the next 4–6 weeks if key levels hold.

Short-term traders and long-term holders alike are watching these developments closely. While some see $100,000 as a favorable entry zone, others remain cautious, noting the potential influence of macroeconomic factors. The upcoming week, loaded with economic data including ISM prints, JOLTS, and Nonfarm Payrolls, is expected to provide further clarity on Bitcoin’s direction.

In the broader context, Bitcoin’s performance is intertwined with the U.S. dollar index (DXY), which currently stands at 97.2. Ostium expects DXY to dip below 96, pushing toward at least 94.6 by year-end, with a potential bottoming formation above the 200-month moving average. A decisive monthly reclaim of 100 on DXY would invalidate the bearish view for Bitcoin, reinforcing the importance of macroeconomic trends in the crypto market.

Overall, the market remains in a state of cautious optimism. While the technical indicators suggest potential for a rebound, confirmation will depend on Bitcoin’s ability to hold key levels and reassert momentum. Traders and investors continue to monitor developments closely as the cryptocurrency navigates a pivotal period in its price action.

Source: [1] Bitcoin bull market will be 'over' if $100K BTC price is lost (https://cointelegraph.com/news/bitcoin-bull-market-over-if-100k-is-lost-trader) [2] The Bitcoin Bull Run Cracks If $98000 Is Lost, Ostium Labs ... (https://www.mitrade.com/insights/news/live-news/article-3-1087704-20250902)