The question reverberating across —whether a decisive break below $105,000 would end the Bitcoin bull cycle—drew a crisp rebuttal from popular market analyst CrediBULL Crypto (@CredibleCrypto). In a pair of late-night posts to his 476,000 followers, he argued that while $105,000 is a key threshold for the “most aggressive” upside path, a loss of that level would not, by itself, terminate the higher-time-frame uptrend.
In a second post he reiterated the pivot that has framed his outlook for weeks: “$107-$110,000 has always been the MOST pivotal point on the BTC chart… This is the most likely zone for a full on reversal—it doesn’t mean it is guaranteed of course but this is the last place it makes sense to start flipping bearish.”
Inside his framework, “Scenario 1”—the idea that price is still working through a compact fourth-wave pause inside an already active impulse—has, by his own admission, grown unlikely. The corrective chop has lasted too long and retraced too deep relative to its second-wave analogue; by classical proportionality, that makes it the wrong degree for a fourth wave. The technical red line for that scenario was $110,000; once reclaimed and then overrun to the downside during the correction, the count’s symmetry broke down.
“Scenario 2,” his preferred bullish configuration, casts the rally off roughly $105,000 as the first completed five-wave impulse of a new advance. In this reading, the market is currently tracing a wave-two pullback with invalidation squarely at $105k.
“Scenario 3” keeps the broader May-to-present correction intact. Here the pop above range highs was corrective rather than impulsive—what technicians call a three-leg rise with overlap—and the market still owes a deeper sweep into demand.
At press time, BTC traded around $110,019 after hitting an intraday low at $108,666.
