Bitcoin wavers after its surge beyond 100000 dollars. The ongoing correction rekindles tensions in the markets, fueling doubts about the strength of the bullish trend

This article explores the bitcoin's correction phase as it retreats from the $100,00 mark, examining the technical signals that have emerged

Bitcoin (BTC) price hovers after hitting 100,000 dollars. As the cryptocurrency faces a correction, traders are looking for signs of strength or weakness in the bullish trend.

While some analysts predict a decline to 65,000 dollars, others warn of a potential "bear flag" pattern that could signal further weakness in the coming days.

Unfavorable graphic signal: the “bear flag” on bitcoin

The tipping point for bitcoin will be at the contact of the 87,470 dollar zone. According to trader GDXTrader, this resistance marks the upper bound of a descending channel. The rejection that followed was accompanied by a recognized technical pattern: a dark cloud cover, a well-known bearish reversal signal for analysts.

“This pattern forms when a red candle opens above the previous close but finishes below the midpoint of the previous green candle,” details GDXTrader on the social network X (formerly Twitter) on March 21, 2025. This configuration, visible in daily time frames, has been seen as a sign of weakness among buyers.

Several traders confirm this interpretation and identify support thresholds to monitor:

This cluster of technical signals feeds a cautious market reading and reinforces the idea of a sustained slowdown in bullish momentum.

Several traders also highlight the importance of the 69,000 dollar zone as a psychological turning point. A sustained break below this level could lead to an acceleration of the correction. However, despite these signals, no widespread panic seems to emerge at this stage, making the bearish scenario all the more insidious.

A return to 60,000 dollars could erode the confidence of retail investors, especially those who entered the market after crossing the 100,000 dollar threshold. In the longer term, this correction phase could also dampen the ambitions of companies that have integrated BTC into their treasury or investment products.