Bitcoin extended its pullback on Monday as short-term traders booked profits, with some analysts warning that if selling pressure accelerates, BTC could revisit the $98,000–$100,000 psychological zone. Analyst Captain Faibik called this scenario an “extreme bearish flush,” though broader sentiment still leans bullish over the coming months. Canary Capital CEO Steven McClurg told CNBC he sees better than a 50% chance of Bitcoin climbing into the $140,000–$150,000 range this year before a possible bear market sets in next year. Interestingly, retail traders have been far more optimistic about Bitcoin than Ether, despite ETH’s strong 30-day run. Data from Santiment suggests that this split in sentiment could give Ether a slightly more bullish path in the near term, since markets often move opposite to the retail crowd’s positioning.

Bitcoin slipped under the 50-day SMA around $115,700 on Monday, but buyers managed to step in near the neckline of the inverse head-and-shoulders pattern. The immediate hurdle sits at $118,575, and if that level breaks, BTC could make run at $120,000 before testing the all-time high near $124,474. Still, the RSI is flashing a warning with a negative divergence, hinting that bullish momentum is fading. If the neckline fails to hold, BTC could drop quickly to $110,530. That’s the key level to watch because a breakdown there could trigger a sharper sell-off, dragging price toward $105,000 and possibly $100,000. Ethereum also came under pressure on Monday, slipping below its support at $4,368, showing that short-term traders are taking profits.

The real test for ETH now sits at $4,094. If the price bounces strongly from this zone, it would suggest bulls are trying to flip it into support, which could fuel another leg higher toward $4,788 and eventually the $5,000 mark. But if ETH fails to hold $4,094 and closes below it, a deeper correction looks likely, with downside targets at $3,745 and then the 50-day SMA around $3,523.

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