{"id":70692,"date":"2025-06-01T01:00:35","date_gmt":"2025-06-01T01:00:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70692"},"modified":"2025-06-01T01:00:35","modified_gmt":"2025-06-01T01:00:35","slug":"bitcoin-price-trend-above-100000-the-good-news-and-the-bad-news","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70692","title":{"rendered":"Bitcoin Price Trend Above $100,000: The Good News And The Bad News"},"content":{"rendered":"

Although the past 24 hours have been characterized by heavy selloffs<\/a>, Bitcoin is still currently holding above the $100,000 level, trading around $103,700 as of the time of writing. Notably, signs of exhaustion are also beginning to surface for Bitcoin<\/a>, especially in the past 48 hours. <\/p>\n

While long-term indicators suggest a bullish continuation for the Bitcoin price, short-term models indicate a breakdown of bullish strength, particularly as the cryptocurrency approaches the critical $100,000 support zone.\u00a0<\/p>\n

This sentiment is relayed by popular crypto analyst Willy Woo, who shared the good and bad news<\/a> based on Bitcoin\u2019s current technicals.<\/p>\n

Good News: A Bullish Long-Term Signal Still Intact<\/h2>\n

According to <\/a>Woo, one of the strongest long-term signals, the Bitcoin Risk Signal, is currently trending downwards. This drop indicates that buy-side liquidity is currently dominant in the long-term environment, setting the stage for another strong leg upward. <\/p>\n

The lower the risk reading, the safer it is to hold or accumulate Bitcoin, and this signal\u2019s current decline shows a relatively low-risk environment for long-term investors.<\/p>\n

Woo noted that this long-term setup is intact, and with Bitcoin trading well above the psychological six-figure mark, the momentum is still in favor of the bulls in the long term<\/a>. <\/p>\n

At the time of writing, the local risk model, as shown in the chart below, is currently in the mid-range, having declined from peak levels in early 2025, and is expected to continue trending downwards. In another analysis, Willy Woo noted the next significant move could push it above $114,000 and trigger liquidations of short positions.<\/p>\n\n

Bad News For Bitcoin Price<\/h2>\n

Although the long-term picture is still favorable, the short-term models, including the Speculation and SOPR (Spent Output Profit Ratio) metrics, are flashing caution<\/a>. Using this indicator, Woo noted that<\/a> the strength of the rally from $75,000 to $112,000 has started to weaken, especially with flat capital inflow in the past three days.\u00a0<\/p>\n

Keeping this in mind, Bitcoin\u2019s price action this week is critical. \u201cIf we do not get follow through, then we will be up for another consolidation period,\u201d the analyst said.<\/a> If spot buying fails to pick up strongly in the coming week, which is the first week of June, especially with U.S. markets reopening after a long weekend, there will be a chance for a bearish pivot.<\/p>\n

The good and bad news can be summed up as follows: if buying pressure opens up quickly, Bitcoin could break above $114,000 and head toward the next major liquidity zone between $118,000 and $120,000. Failure to push higher could confirm bearish divergences <\/a>and set the stage for another round of consolidation.<\/p>\n\n

At the time of writing, Bitcoin is trading at 103,700, down by 1.5% and 3.9% in the past 24 hours and seven days, respectively.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Although the past 24 hours have been characterized by heavy selloffs, Bitcoin is still currently holding above the $100,000 level, trading around $103,700 as of the time of writing. Notably, signs of exhaustion are also beginning to surface for Bitcoin, especially in the past 48 hours. While long-term indicators suggest a bullish continuation for the […]<\/p>\n","protected":false},"author":0,"featured_media":70693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70692"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70692"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70693"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}