Bitcoin traders are closely monitoring the market as they eye the weekly close, with some targets set below $100,000 following an 11% gain in May. Notable levels of interest include $97,000 and the psychological $100,000 mark. Recent data indicates a bearish divergence in the relative strength index (RSI), causing traders to brace for a potential decline. Trading activity has revealed challenges in reclaiming the $105,000 level, forcing Bitcoin to revert to earlier significant support levels. Traders speculate that while a temporary dip below $100,000 may occur, overall bullish market sentiment remains intact, supported by a bullish structure at $84,000. Experts suggest that healthy market adjustments following substantial gains are possible as liquidity tends to accumulate around key price points in the current market structure.

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