Bitcoin’s price momentum is weakening, indicating that the $100,000 support level may fail, with potential targets dropping to $95,000 according to Wyckoff analysis.
-
Bitcoin price momentum weakness is leading to lower targets, with Wyckoff analysis warning that $100,000 support may fail.
-
The push to $122,000 currently looks “ugly” thanks to a rejection on daily timeframes.
-
Attention continues to focus on the CME gap near $117,500.
Bitcoin’s price faces downward pressure as Wyckoff analysis indicates that the $100,000 support level may not hold, with targets potentially dropping to $95,000.
BTC Price Wyckoff Schematic Eyes “$95,000 Zone”
Bitcoin is not immune to losing $100,000 support, with the price struggling to hold ground above old all-time highs from earlier in 2025.
ZAYK Charts said that the door is open to $95,000, a level not seen since early May.
Using the Wyckoff method, ZAYK Charts argued that BTC/USDT has already enjoyed the classic “mark up” rebound phase from long-term lows and has now entered “distribution,” the area where an uptrend traditionally reverses.
“After a strong Accumulation Phase in March–April confirmed by bullish RSI divergence, BTC entered a powerful Mark-Up phase, reaching new highs,” an X post said.
“Currently, price action is showing signs of a Distribution Phase — sideways movement with weakening momentum, supported by bearish RSI divergence. If distribution confirms, the next phase could be a Mark-Down, with a potential drop toward the 95K zone.”
BTC/USDT with Wyckoff analysis. Source: ZAYK Charts/X
The area between $92,000 and $95,000 has featured prominently in BTC price action since last November, acting as both support and resistance as the market experienced significant swings.
Continuing, fellow trader Mikybull Crypto described this week’s push beyond $122,000, which ended in rejection, as “ugly.”
BTC/USD, he told X followers, had reentered its previous range, with the main beneficiaries being altcoins.
THIS IS UGLY FOR BITCOIN
BACK TO THE RANGE BY THE WAY, WHICH IS SUPER GOOD FOR ALTS
— Mikybull 🐂Crypto (@MikybullCrypto) August 11, 2025
CME Gap Looms Ahead of US CPI Report
Other market takes were less categorical, with trader Daan Crypto Trades among those focusing on the nearby gap in CME Group’s Bitcoin futures.
“$BTC Retesting the trend line it broke out of before. The 4H 200MA/EMA are coming in right below,” he wrote on X Tuesday, referring to the 200-period simple and exponential moving averages on four-hour timeframes.
“But keep in mind that we do still have the CME gap which sits at around $117K. This would have some decent confluence with the 4H 200MA (Purple) and a wick into that region would make me look more closely for fresh longs on strong alts.”
BTC/USDT perpetual swaps four-hour chart. Source: Daan Crypto Trades/X
Expectations for volatility were already high ahead of key US macroeconomic data, with the Consumer Price Index (CPI) print for July due on the day.
As Cointelegraph reported, market participants see any outlying result as having an immediate impact on crypto and risk assets.
Key Takeaways
- Bitcoin’s price momentum is weakening: The $100,000 support level is at risk of failing.
- Potential targets drop to $95,000: Analysts warn of a possible downward trend.
- CME gap near $117,500: Traders are closely monitoring this level for future price action.
Conclusion
In summary, Bitcoin’s price is facing significant downward pressure, with analysts indicating that the $100,000 support level may not hold. As the market prepares for upcoming economic data, traders should remain vigilant for potential volatility and price movements toward the $95,000 zone.
