Bitcoin’s bull market could be in jeopardy if it loses $100,000 support, according to a new forecast. BTC price faces RSI signals battle with bearish and bullish divergences. Some traders see a buying opportunity just above the $100,000 mark. Recent dip took BTC down 15% from all-time highs above $125,000.

Popular trader Roman warns that if Bitcoin drops below $100,000, the bull cycle will end. Market sentiment shifts with BTC’s recent dip, potential retest of $100,000 support. Failure to hold $100,000 could confirm the end of the bull run. High timeframes show signs of exhaustion and bearish divergence on RSI indicator.

Bullish divergence on RSI gives traders hope for a market rebound. Some traders eye $100,000 as an entry zone, not a signal to sell. Bitcoin down 6.5% for August but still performing better than previous years. BTC/USD monthly returns show resilience compared to previous years. Traders urged to conduct their own research before making investment decisions.

Read more at Cointelegraph: Bitcoin Bulls Must Protect $100,000 to Keep the Bull Market Going