<ul data-eligibleForWebStory="true"><li>Bitcoin is currently trading around $104,781, testing its 200 EMA on the 4-hour chart at $104,861.</li><li>BTC is in a descending triangle pattern, with lower highs as resistance and a support zone near $103,343.</li><li>The RSI is around 45, indicating neutral momentum with no bullish divergence and weak price action near the triangle's lower edge.</li><li>A failure to hold above $103,343 could lead to a quick drop towards $100,000, a key psychological support with potential for further correction to $97,000–$95,000.</li><li>Alternatively, a bounce from the 200 EMA or a breakout above $107,000–$109,000 could negate the bearish scenario, targeting retests of $110,000 and new highs above $112,000.</li><li>For traders, a short setup involves entering on a breakdown below $103,300 with targets at $100,000 and $97,000 and a stop-loss at $105,800.</li><li>On the other hand, a long setup entails entering on a confirmed breakout above $107,000 with targets at $109,000 and $112,000 and a stop-loss at $104,000.</li></ul>

Bitcoin Price USD Outlook: Will $100K Hold or Is a Deeper Breakdown Coming?

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