BTC faces bearish correction

Bitcoin fell to $60,000 on Feb 6, a 50% drop from its Oct ATH of $126,000. Polls suggest $38,000 as a potential bottom in this cycle.

avatar

❤️💛💚💙 Bitcoin Dominance Chart. 🔥 Manufacturing PMI just hit 52, indicating an economic acceleration. If it continues like the last times, it means Bitcoin Dominance goes down. 💅🏻 We are primed for this, because 99% of the Crypto market is painting their own fingernails, hooking up with their boyfriend in an elevator, and yelling "Bear Market Confirmed"

avatar

🚀 $BTC $68,050 – EXTREME FEAR (Index ~12) 🔥 TA Snapshot Crashed to $68K support zone. RSI ~22 (deepest oversold since 2022 bear bottom). - MACD bearish but flattening fast (strong bullish divergence building). Volume spiking on panic + whale dip buys. Market Heavy ETF outflows + macro bloodbath dragging everything, but whales going nuclear (millions BTC scooped on lows) — textbook final capitulation. Tomorrow Prediction Rebound likely – **$69,500-71,500** (+2-5%) if holds $68K. Break $72K targets $75K+ fast. Trade Long above $68.5K (stop $67.5K, targets $70K/$71K). - Short below $67.5K (tight stop). Watch ETF flows & whale wallets. Final shakeout before liftoff? Who's buying the blood? 🌕 #Bitcoin #BTC

avatar

Waiting for price to come to me. No rush. $BTC sitting mid-range = chop zone. My plan: - 72k liquidity - looking for shorts into exhaustion - 65k range support - potential long - 60k retest of lows high conviction long zone If price stays in the middle, I stay flat. Let the market move first, then react. Patience pays.

avatar

$BTC plummets 35% in hours, trading now at $43K. Fear & Greed index hits rock bottom at 1. Market structure confirms bear market conditions. Buy the dip if you dare, but expect volatility to spike. #crypto #bitcoin

avatar

Breaking news: $BTC faces a critical test at $70K. On-chain metrics reveal traders are mapping three distinct price targets if resistance holds. Meanwhile, $BTC -1.30%, while $ETH +0.41% and $XRP +0.07% show minor divergence.

avatar

While market sentiment is at 'Extreme Fear' and $10k Bitcoin calls floating I've spotted a 'Hidden Bullish Divergence' on 3-day chart Down by 52% since All-Time High around $125k, the bottom is near for $BTC

avatar

Bitcoin chart pattern, whale activity warn of another 20% price drop $BTC Bitcoin has formed a classic bearish pattern on its daily chart, and if confirmed, a price drop to $56,000 could be on the cards. - Cointelegraph

avatar

🐦 The TICKER that is increasing mentions on X is $BNB 🪙 1H - Trade Setup 💹 PRICE ACTION: Price at $624.15 is below the VWAP of $655.17, indicating a bearish short-term bias. It is trading between the last confirmed pivot low of $592.49 and pivot high of $642.49, consolidating in the lower half of this range. 🏦 EMA ALIGNMENT: Price is below the long-term EMA336 ($648.59) and medium-term EMA168 ($626.35), confirming a bearish scenario. However, it is above the short-term EMA24 ($621.45), creating a mixed signal with a slight short bias. 📊 RSI ANALYSIS: RSI at 54 is in neutral territory, showing no immediate overbought or oversold pressure. This suggests the current consolidation lacks strong momentum in either direction. 🌪️ VOLUME ANOMALY: No significant volume anomaly detected in the last hour, indicating a lack of institutional or aggressive retail interest driving the current price action. 🎯 PIVOT LEVELS: Key resistance is at the last pivot high of $642.49, with the EMA168 at $626.35 acting as immediate overhead supply. Strong support lies at the last pivot low of $592.49, with the EMA24 at $621.45 providing minor dynamic support. 🧭 ACTION STRATEGY: The price is below the key long and medium EMAs, favoring short positions. I'd look for a rejection near the EMA168 confluence with the $626 area for a short entry. I’d look for an ENTRY around $626.00, aim for a TAKE PROFIT near $610.00 (−2.56%), and place the STOP LOSS above $632.00 (+0.96%) to manage upside risk. 📣 This is my personal approach and is not financial advice. #polar #polarta #aitrading