Well, Bitcoin is waving its little red flag again. The Relative Strength Index—aka that joyless number for people who get off on chart patterns—is making signals that frankly even your gran would recognize. Yes, there’s a “bearish divergence”—it’s déjà vu, 2020 halving edition. The sort of thing that makes even the most caffeinated trader consider just switching to gardening.
Momentum Weakens Despite Higher Highs: RSI Throws a Hissy Fit
Our friend TrendPro (the kind of person who probably dreams in candlestick charts) has noticed that while Bitcoin’s price is strutting about in new high heels, RSI is off to the side muttering, “Not impressed.” Lower highs on the RSI, apparently, mean the momentum is fading, even though the price keeps showing off like it just bought a new Lambo. Classic.
TrendPro, who likely has PTSD from previous halving cycles, reckons this is prime time for either a correction, some sideways price action, or perhaps just a collective crypto-induced existential crisis. Think of it as the market’s way of taking a cold shower before maybe, just maybe, getting back into the swing of things. 🛁
Diving into Coinglass data—aka the Netflix for liquidation voyeurs—TrendPro noticed a juicy cluster of short liquidations camped out between $110,000 and $120,000. If Bitcoin staggers above $110K, cue the fireworks and a domino effect of short squeezes as traders scramble like they just heard free pizza in the break room.
But, and there’s always a but, he noticed the long liquidation swamp around $94,000–$96,000. Should BTC face-plant into this area, expect a storm of whining on Crypto Twitter. Picture weak hands getting flushed so hard it’s like a block chain colonic. Nice and clean for the next round.
Shakeout or Breakout: Is Bitcoin About to Have an Identity Crisis?
TrendPro asked: “Do we need a shock before higher?” Shrugs all around, but the suggestion is we’re about due for a shakeout—think of it as Bitcoin’s way of keeping things interesting, like throwing a glass of wine (or a stablecoin) across the room. If BTC can lounge above $106,000 and gym-bro itself past $110,000, we may get to see $120,000+ as shorts are vaporized.
Should BTC wimp out and pull back to $95,000, that’s not a tragedy, it’s just a bit of leverage spring cleaning—Marie Kondo-ing all those overextended trades and maybe even sparking joy. This isn’t bearish. This is the prep montage in the crypto movie before the big win (cue motivational music).
TL;DR—keep one beady eye on $110,000–$112,000; that’s where the real party starts. If things get wobbly, $94,000–$96,000 is the “reset and try again” zone. Whatever happens in the next five minutes or five years: the long-term bull case is still alive, lying on the sofa, and refusing to go outside.
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2025-07-06 05:48