Bitcoin Eyes $100K Zone Before Analysts Warn of Deeper Pullback

• Bitcoin is holding key support near $84,000. 
• A short-term relief rally is likely to follow, analysts claim. 
• The broader long-term structure remains bearish for BTC.

Bitcoin (BTC) is likely to make a recovery in the short term, but analysts continue to warn that the broader trend remains bearish.

According to analyst Mr. Wall Street, the price action could soon see a relief rally toward higher liquidity zones before a deeper reset in 2026.

Short-Term Rally for BTC

Bitcoin recently held above $84,000, a level that lines up with the weekly 100-day moving average. This zone has acted as a strong support.

According to Mr. Wallet Street, at current levels, downside liquidity remains limited, which means that there are not enough stop losses below the price to justify an immediate large sell-off.

Because of this, market makers are more likely to push prices upward first. The next major upside zone sits between $98,000 and $104,000, where previous price gaps and heavy liquidity are visible.

The analyst expects fast up-and-down action in the short term. Over the weekend, Bitcoin jumped from $80,000s toward $90,000 and then quickly dropped back toward $85,000, liquidating traders who chased the move.

Why the Upside Is Seen as a Trap

According to another analyst Doctor Profit, despite the short-term strength, the larger structure remains bearish. The current consolidation resembles a bear flag, a pattern that often forms before a continuation lower.

With BTC eyeing the $97,000 to $107,000 range, long positions are expected to increase. This provides exit liquidity for larger players. Once that liquidity is in place, the conditions for a stronger pullback could improve.

Doctor Profit predicted that the $64,000 to $70,000 range would be the next major pullback target. He said this zone is less crowded and offers a stronger area for maximum pressure. 

However, the analyst added that the retest of this lower support area will not be immediate but will take months. The purpose of the expected rally is not trend reversal, but liquidity creation, said the analyst, adding: 

Doctor Profit believes that the crypto market entered into a bear-dominated phase in September and forecasted that the deeper pullback to $64K-$70K range could be seen in late Q1 or early Q2 of 2026.

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