#BTC is challenging the 30-day moving average next. The last time we lost the 30D MA was at 114k. We've been below since. The 5-day MA generally indicates weakness when below the 30-day and strength when above.
To move higher we need a catalyst to liquidate shorts in the 91.5-95k range. Until then, downside pressure remains.
To move higher we need a catalyst to liquidate shorts in the 91.5-95k range. Until then, downside pressure remains.
If we do hit 74k, I'm buying back in. Then will take profit if we hit the 400-Day again
If we do hit 74k, I'm buying back in. Then will take profit if we hit the 400-Day again
For comparison, 35% Bitcoin held at a loss Summer 2021. Fear and Greed was at 6 June 2022. Chart courtesy Coinglass.
For comparison, 35% Bitcoin held at a loss Summer 2021. Fear and Greed was at 6 June 2022. Chart courtesy Coinglass.
This all depends on whether we lose 96k which is the short-term holder cost basis. Capitulation will accelerate the further down we go. All eyes will be on short term holder action.
This all depends on whether we lose 96k which is the short-term holder cost basis. Capitulation will accelerate the further down we go. All eyes will be on short term holder action.
200-Day is at 110k, below that has risk of rejection.
Knowing that, Tuesday was an over-reaction and Wednesday is 'reverting to the mean' and rally (small or big, we don't know). Thursday will tell us the direction.
Knowing that, Tuesday was an over-reaction and Wednesday is 'reverting to the mean' and rally (small or big, we don't know). Thursday will tell us the direction.
In April we hit a low on Monday and then confirmed on Wednesday which was a big day up.
That would put this Tuesday as a low and then confirming on Thursday with a big day up. We should know soon if we are repeating, or further down.
In April we hit a low on Monday and then confirmed on Wednesday which was a big day up.
That would put this Tuesday as a low and then confirming on Thursday with a big day up. We should know soon if we are repeating, or further down.
TBD when we put in a bottom but we're likely close for this pullback. 98k is gonna be 'max pain' for most short term holders, so if we lose that then a deeper correction will follow.
TBD when we put in a bottom but we're likely close for this pullback. 98k is gonna be 'max pain' for most short term holders, so if we lose that then a deeper correction will follow.
The yellow line below is a big threshold. On the daily when price has moved negatively enough to fall below that line, we have only on 3 other occasions rebounded positive in the past 10 years.
The yellow line below is a big threshold. On the daily when price has moved negatively enough to fall below that line, we have only on 3 other occasions rebounded positive in the past 10 years.
Two images comparing 2021 and 2025. Blue line is the 200D. Lower graph is the directional price volatility/velocity. Red is not good.
Two images comparing 2021 and 2025. Blue line is the 200D. Lower graph is the directional price volatility/velocity. Red is not good.
At the current 5D 55-level that would bring #Bitcoin down to around 98k. Maximum pain at that point for sure.
- 109K is at the current 200-day moving average price.
- 99K is at the current 55-week moving average price.
109k looks possible. But unlike April's tariff panic, it's unlikely we have enough selling pressure to get to 99k in the near-term.
- 109K is at the current 200-day moving average price.
- 99K is at the current 55-week moving average price.
109k looks possible. But unlike April's tariff panic, it's unlikely we have enough selling pressure to get to 99k in the near-term.