Fun

Bitcoin Price In Trouble? Bearish Divergence That Led To Market Crash Last Cycle Returns

News Feed - 2025-02-02 08:02:45

Este artículo también está disponible en español.


Crypto analyst Kevin Capitalhas suggested that the Bitcoin price may be in trouble. This follows his revelation that a bearish pattern that once led to a market crash in the last cycle has returned for the flagship crypto.  Bearish Divergence That Led To Market Crash Returns For Bitcoin Price


In an X post, Kevin Capital revealed that the bearish divergence that led to the market crash in the last cycle has returned for the Bitcoin price. He highlighted how bearish this pattern is, noting that the only chart that keeps him up at night at the moment is the bearish divergence on the weekly time frame for BTC.  Related Reading Is The Crypto Market ‘Satiated’ For Now? Analysts Say Bitcoin Will Continue Sideways Move 17 hours ago


He noted how this pattern formed for the Bitcoin price at the same time it did in the last cycle, causing a big dip back then. However, the crypto analyst then alluded to what happened after the market crashas BTC recovered following this period. As such, he suggested that there was no need to be worried although he advised market participants to prepare through it if this bearish pattern plays out this way. 


However, amid the revelation of the bearish pattern, crypto analyst Titan of Crypto has provided some optimism for the Bitcoin price. In an X post, he stated that BTC’s mark-up phaseis beginning and that the short consolidation appears to be wrapping up. His accompanying chart showed that BTC could rally to as high as $117,000 next. 



Crypto analyst CobraVanguardalso provided a bullish outlook for the Bitcoin price. He stated that BTC has entered an ascending phase after its cup-and-handle formation at $105,000. He predicted that the flagship crypto could rally to as high as $123,000 following the formation of this bullish pattern. The crypto analyst also predicted that BTC could top around $260,000 in this market cycle.  BTC is now trading at $102,188. Chart: TradingView Monthly Close Provides Bullish Outlook For BTC


The January monthly close has provided a bullish outlook for the Bitcoin price. In an X post, crypto analyst Mikybull Cryptonoted that the good monthly close has invalidated the shooting star candle. He added that the cycle top is not in yet based on this. His accompanying chart showed that BTC could rally to $144,129 soon enough. 



Meanwhile, prior to the monthly close in January, Titan of Cryptomentioned that the Bitcoin price looks strong on the monthly chart from an Ichimoku perspective. He added that the price is holding above all lines, with both the lines and Kumo cloud trending upward. There is also a lot of optimism heading into February, as this month is historically bullish for the crypto market. 


Related Reading Analyst Explains Bitcoin’s Path To $150,000 – Details 14 hours ago


At the time of writing, the Bitcoin price is trading at around $102,400, down over 2% in the last 24 hours, according to datafrom CoinMarketCap. 


Featured image from Pixabay, chart from TradingView

News Feed

The Runes protocol will ignite a new season for Bitcoin after the halving
Lugui Tillier2 hours agoThe Runes protocol will ignite a new season for Bitcoin after the halvingThe Runes protocol will launch when Bitcoin"s halving takes place, and a wave of new tokens will ignite a new season for th
PewDiePie Explains Controversial ADL Donation U-Turn, Slams 'Nazi Cross' Alarm
PewDiePie"s long-awaited response to the fallout from his decision to pull a $50,000 donation from the ADL (Anti-Defamation League) is here. In a typically honest display, the YouTube king demonstrates why he is so popul
Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike
Bitcoin Derivatives Action Swells: A Few June Futures Trade for $30K, Deribit Adds $140K Options Strike Bitcoin derivatives markets have been seeing significant
Billionaire Ray Dalio Sees Limitation on Bitcoin’s Price, Doubts BTC Can Reach $1 Million
Billionaire Ray Dalio Sees Limitation on Bitcoin"s Price, Doubts BTC Can Reach $1 Million Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater A
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concern
Topps Releases NFTs Featuring Science Fiction-Themed Collectible Card Series Mars Attacks
Topps Releases NFTs Featuring Science Fiction-Themed Collectible Card Series Mars Attacks On Monday, the sports and entertainment collectibles giant Topps announced the launch of n
SEC will not pursue enforcement action against Paxos
Turner WrightJul 11, 2024SEC will not pursue enforcement action against PaxosThe stablecoin issuer received an SEC Wells notice in February 2023 warning of a potential lawsuit over Binance USD as an unregistered security
Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode
Bitcoin Risks Turning Bearish Due to Declining Market Health, Says GlassnodeBitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health
Bitcoin price taps $62K sell wall as analyst sees ’up only’ for crypto
William Suberg9 hours agoBitcoin price taps $62K sell wall as analyst sees ’up only’ for cryptoBitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal regarding interest rate
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud
New York Attorney General Sues Celsius Co-Founder Alex Mashinsky for Crypto Fraud On Jan. 5, 2023, the state of New York and attorney general Letitia James filed a lawsuit against
Rakesh Upadhyay12 hours agoPrice analysis 6/26: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTCAn onslaught of Bitcoin ETF applications could help BTC price find long-lasting support at the $30,000 level.2952 Total vie
XRP Price To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu