BTC Price Threatens $100K — Longs at Risk

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A potential inverse head-and-shoulders pattern suggests Bitcoin could retest $91,000 before any meaningful bullish breakout resumes.

Bitcoin dropped over 4.5% on May 19, confirming a bearish divergence and threatening a break below $100,000.

Analysts highlight $97,000–$98,500 as key support that the bulls must hold.

A potential inverse head-and-shoulders pattern points to a retest of $91,000 before any bullish continuation.

Bitcoin is down over 4.5% from its intraday high on May 19, falling to around $102,000 in its worst daily drop in over a month.

BTC’s drop accompanied downside moves elsewhere in the risk market, prompted by Moody’s latest downgrade of the US government due to a rising budget deficit and the lack of a credible fiscal consolidation plan.

The decline confirms a bearish divergence and, combined with other technical factors, raises the risk of a BTC price breakdown below $100,000, a key support level.

Bitcoin’s bearish divergence hints at sub-$100K

Bitcoin’s price action showed technical weakness ahead of its May 19 sell-off.

On May 19, BTC pushed to a new local high above $107,000, but its relative strength index (RSI) printed a lower high, confirming a classic bearish divergence.

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