Bitcoin Technical Setup Shows Short-Term Pullback May Fuel Long-Term Upside

[Ben Graham]

Bitcoin’s recent price action suggests a healthy pullback may be underway, setting the stage for renewed upside momentum. While short-term correction toward key support levels appears likely, the broader technical outlook still points to strength and potential continuation toward higher targets once consolidation completes.

Bitcoin Enters The Expected Pullback Phase

BeLaunch, in a recent BTC daily update shared on X, noted that Bitcoin’s price movement continues to unfold exactly as anticipated. The market appears to have transitioned into the expected pullback phase, signaling a temporary cooldown following its recent rally. This correction phase could be a natural part of the ongoing bullish structure rather than a sign of weakness.

According to the analyst, Bitcoin is likely to retrace toward the $108,000–$110,000 range, an area identified as a key short-term support zone. This range could serve as a healthy reset point for the market, allowing momentum indicators to cool down before the next potential upward leg begins. 

Once this corrective phase concludes, BeLaunch expects Bitcoin to stage a rebound that could carry it toward the $125,000 target region. Such a move would represent the continuation of the macro uptrend that has been forming over the past several weeks. However, confirmation of this scenario would depend on the strength of the recovery following the anticipated dip.

The analyst concluded the update with a word of caution, reminding traders that this retracement phase may precede a significant breakout, describing it as the “calm before the storm.” This suggests that Bitcoin’s next decisive move could be substantial, making patience and strategic positioning key in the days ahead.

Market Cooldown Underway: BTC Slows After Recent Gains

In an X post, Crypto VIP Signal noted that Bitcoin’s price has started to ease gradually after recent gains. BTC’s market appears to be entering a short-term cooling phase, with selling pressure beginning to test lower levels. 

Related Reading: Bitcoin Trades Sideways — Consolidation Above Support Could Fuel Next Upside

According to the analyst, Bitcoin could revisit its key support area before making its next decisive move. Price action currently shows the formation of a clear trading range, suggesting that the market is consolidating and gathering momentum for its next breakout. Bitcoin behaviour around these crucial levels is vital, as a bounce from support could define the next upward push.

In the meantime, the update emphasized that some sideways movement is likely over the next few days. The existing support and resistance levels remain unchanged, serving as critical zones to gauge market sentiment. Once BTC breaks out from this consolidation range, it could set the tone for a directional move.