Bitcoin’s recent momentum has shown signs of waning, prompting a reassessment of near-term price action amid emerging seasonal headwinds. Analysts observe that, following a strong performance earlier in the summer, Bitcoin is now approaching a critical juncture. Market participants are closely watching key support ranges, particularly the $104,000–$106,000 zone, as a breach below this threshold could trigger additional downside pressure.

Despite maintaining a generally bullish structure on higher timeframes, there are clear signals that upward momentum is fading. Technical indicators such as the Relative Strength Index remain in neutral territory, pointing to a decrease in buying pressure. Furthermore, the failure to decisively break through established resistance levels in the $110,000–$115,000 range has altered short-term sentiment, with traders growing cautious as seasonal patterns—historically associated with reduced liquidity and increased volatility—begin to assert influence.

Industry consensus remains divided. Some analysts project that, should the current support hold, recovery phases could propel Bitcoin toward new local highs and potentially rekindle bullish enthusiasm later in the year. However, others argue that prevailing macroeconomic uncertainties and restricted risk appetite may keep gains in check. Market forecasts for the coming months range widely, with some expecting continued consolidation within the $104,000–$125,000 corridor, and others highlighting downside risks, especially if global financial conditions deteriorate or investor sentiment weakens further.

For professional investors, this environment calls for heightened vigilance, disciplined risk management, and adaptability. The interplay between support levels, resistance zones, and external macro factors will be crucial in shaping Bitcoin’s trajectory as the market navigates the seasonal headwinds of the second half of 2025. Active monitoring of both on-chain and macroeconomic signals remains essential for informed positioning in such a dynamic landscape.