{"id":20768,"date":"2025-05-19T08:29:48","date_gmt":"2025-05-19T08:29:48","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-bulls-should-be-careful-with-longs-as-btc-price-risks-100k-breakdown\/"},"modified":"2025-05-19T08:29:48","modified_gmt":"2025-05-19T08:29:48","slug":"bitcoin-bulls-should-be-careful-with-longs-as-btc-price-risks-100k-breakdown","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-bulls-should-be-careful-with-longs-as-btc-price-risks-100k-breakdown\/","title":{"rendered":"Bitcoin bulls should 'be careful with longs' as BTC price risks $100K breakdown"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

Bitcoin dropped over 4.5% on May 19, confirming a bearish divergence and threatening a break below $100,000.<\/p>\n

Analysts highlight $97,000\u2013$98,500 as key support that the bulls must hold. <\/p>\n

A potential inverse head-and-shoulders pattern points to a retest of $91,000 before any bullish continuation.<\/p>\n

Bitcoin (BTC<\/a>) 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.<\/p>\n

BTC\/USD daily price chart. Source: TradingView<\/em><\/p>\n

BTC\u2019s drop accompanied downside moves elsewhere in the risk market, prompted by Moody\u2019s latest downgrade<\/a> of the US government due to a rising budget deficit and the lack of a credible fiscal consolidation plan.<\/p>\n

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.<\/p>\n

Bitcoin\u2019s bearish divergence hints at sub-$100K<\/h2>\n

Bitcoin\u2019s price action showed technical weakness ahead of its May 19 sell-off. <\/p>\n

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

Source: <\/em>Bluntz<\/em><\/a><\/p>\n

This discrepancy between price and momentum is often a precursor to a trend reversal, and in this case, it played out with a swift 4.5% intraday decline. Analyst Bluntz warned traders to \u201cbe careful with [placing] longs.\u201d<\/p>\n

Swissblock analysts observed<\/a> that Bitcoin \u201cgrabbed liquidity\u201d above the $104,000\u2013$106,000 resistance range but failed to sustain a breakout. <\/p>\n

Bitcoin\u2019s price vs. BTC onchain and trading volume. Source: Swissblock<\/em><\/p>\n

The rejection pushed the price back into a prior volume-heavy zone, with immediate support between $101,500 and $102,500 now under pressure. <\/p>\n

Swissblock identifies the $97,000\u2013$98,500 range as a key downside target based on historical onchain volume and trading activity if the $101,500-102,500 area fails to hold.<\/p>\n

Bitcoin\u2019s H&S pattern targets $91,000<\/h2>\n

On the three-day chart, Bitcoin is forming the right shoulder of a potential inverse-head-and-shoulders pattern. <\/p>\n

While typically bullish in the long term, this setup implies a short-term retest of the 50-period exponential moving average (50-period EMA; the red wave) near $91,000. <\/p>\n

BTC\/USD three-day price chart. Source: TradingView<\/em><\/p>\n

The chances of such a drop have increased since BTC failed to close above the critical $107,000 neckline level, the same zone that triggered bearish reversals in December 2024 and January 2025.<\/p>\n

Related: <\/strong><\/em>Metaplanet scoops 1,004 Bitcoin in 2nd-biggest buy ever<\/strong><\/em><\/a><\/p>\n

A rebound from the $91,000 zone toward the neckline at around $107,000 could increase Bitcoin\u2019s odds of rising toward $150,000<\/a>.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key takeaways: Bitcoin dropped over 4.5% on May 19, confirming a bearish divergence and threatening a break below $100,000. Analysts highlight $97,000\u2013$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 (BTC) is down over 4.5% from its intraday high […]<\/p>","protected":false},"author":0,"featured_media":20769,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20768"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20769"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}