Oh no, Bitcoin is acting like a broke teenager who can’t find a job. The price is dropping faster than my hopes after a 3 AM snack. It’s trading in a fragile state, which is basically a fancy way of saying it’s crying into its pillow.
A recent technical outlook from Tony “The Bull” Severino, because nothing says “I’m a crypto expert” like a nickname that’s 100% accurate, adds weight to the concern. His analysis focuses on the 6-week LMACD, which has just crossed bearish for the first time in years. That’s like the crypto version of a “Sorry, not sorry” text message.
Momentum Turns Against Bitcoin On The 6-Week LMACD
Severino’s message? Bitcoin is nowhere close to staging the kind of explosive recovery many are waiting for. It’s like expecting a unicorn to materialize in a field of daisies. The momentum is now firmly pointed downward, which is basically the crypto equivalent of a “You’re fired” email.
The 6-week LMACD is a lagging signal, meaning by the time it flips bearish, Bitcoin is already deep in the dumps. It’s like getting a “You’re fired” email after your boss has already moved on to the next employee. The chart confirms this with multiple examples: Bitcoin entered extended red phases lasting 812 days, 861 days, and 686 days following previous bearish crossovers. That’s longer than your average Netflix binge.
The chart also highlights how severe each downturn becomes once the LMACD flips bearish. Previous cycles saw drawdowns of roughly 69% to 75% from the moment the cross happened. That’s like losing your entire savings account and still having to pay for your friend’s wedding.
Please pay attention to this post if you want to understand why Bitcoin is highly unlikely to suddenly spring back into a bull run
One word: Momentum
The 6-week LMACD has some of the cleanest crossovers representing pivotal trend change confirmation points. The signal lags,…
– Tony “The Bull” Severino, CMT (@TonyTheBullCMT) November 22, 2025
A Possible Long Road Before Any Significant Recovery
Although the LMACD signal just crossed bearish, the current crossover is still unconfirmed for another 15 days. So, Bitcoin is basically taking a nap while the market panics. Severino isn’t predicting the end of Bitcoin’s long-term prospects, but he’s definitely predicting the end of your patience. Past behavior doesn’t guarantee outcomes, but let’s be real, this is the same script as before.
At the time of writing, Bitcoin is trading at $85,670, down by 11% and 23% in the past seven and 30 days, respectively. So, if you’re holding Bitcoin, you’re basically waiting for a miracle that’s been delayed for 861 days. But hey, at least the bear market is giving you time to practice your “I told you so” face. 🧠💸
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2025-11-23 14:36