Analysis: Bitcoin at key level that could define next phase of bull market

Bitcoin is at a critical psychological and technical level that could shape the next phase of the bull market, according to Rachael Lucas, a crypto analyst at BTC Markets, in comments to The Block. She pointed to indicators such as the relative strength index (RSI) and moving average convergence/divergence (MACD), which suggest that bullish momentum may be slowing, though the longer-term outlook remains constructive. Lucas indicated that maintaining support between $103,000 and $105,000 could allow for a move toward $115,000, while a drop below that range might trigger a pullback to between $93,000 and $97,000. However, such a decline would likely reflect a temporary pause rather than a reversal of the wider market rally.