Bitcoin Price Today: Cycle Pattern Points To $100K Despite Binance Hack Dip

Bitcoin is trading near cycle lows following a dip tied to a Binance security incident, but its weekly chart is showing a bullish divergence—price making a lower low while momentum turns higher—that mirrors the structure preceding its last major recovery, with some analysts targeting a move back toward $100,000. The pattern previously preceded a sharp breakout, and a similar follow-through would mark a significant reversal from current weakness. The Binance hack briefly pressured sentiment across major exchanges, though the market appears to be stabilizing. Traders are watching whether the breakout confirms on the weekly timeframe and whether Bitcoin can reclaim higher resistance levels. Key things to monitor: confirmation of the divergence-driven breakout, any further fallout or disclosures from the Binance incident, and whether the $100,000 level comes back into play as a near-term target.