Bitcoin's recent 20% weekly decline has revived expectations for a deeper decline, but one key event—a countertrend rally that has yet to materialize—could determine the entire cycle's direction. Analyst Kevin, in his latest market analysis, argues that the current selloff is part of a typical mid-cycle correction, not a confirmed top.



He highlights several structural breakouts that have fueled the bearish narrative. Bitcoin has fallen below the 2-day moving average (EMA) and the 200-day moving average (SMA), broken above the 50-week moving average (SMA), and lost the $98,000–$106,800 confluence zone, an area marked by long-term Fibonacci retracements. Cycle reversal profiles also resemble late-cycle readings, adding pressure to the outlook.$BTC #WhichSectorsAreYouWatchingIn2025? #ContentMining&EarnRichCommission #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates #DecemberRateCutForecast #DecemberRateCutForecast
BTC-2.62%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)