Bitcoin’s Next Move: Sell or Hold? Is History Repeating a 67% Crash? 😱

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The Bitcoin price has taken a bit of a tumble, retreating almost 26% from its dizzying all-time highs. Naturally, this has set off alarms and raised eyebrows about the possibility of a bear market, once again calling into question whether the glory days are truly behind us. 📉

But wait, there’s more! A fresh new sell signal has appeared from one of the crypto world’s key indicators, reminding us of those fun times in the past when similar signals led to a heart-stopping 67% drop in value. Ah, the sweet smell of déjà vu. 😬

Could Bitcoin Plunge to $31,000? 📉

Market guru Ali Martinez took to the ever-so-reliable platform X (formerly Twitter, because who doesn’t love a good rebrand?) to remind us that the last time the SuperTrend indicator flashed a sell signal, it was 2022. Back then, Bitcoin had hit a jaw-dropping $69,000, only to fall faster than a rock in a well to a humble $17,000. So… are we doing this again?

Sure, the market has evolved since then. ETFs (those exchange-traded funds we’ve all come to know and love) have arrived. Digital asset treasuries and institutional support have given the market some fancy new tools. But as much as things change, they stay the same, don’t they? It’s like history just keeps hitting replay. 🎬

As it stands, Bitcoin is comfortably lounging at a price of $94,500. If history truly has a thing for repetition, and the 67% retracement decides to make a comeback, we could see Bitcoin dip down to a cozy $31,185. And who doesn’t love a bargain, right? 🛒

But wait! Enter Mr. Wall Street, the eternal optimist. According to him, Bitcoin’s peak could have been around $126,000. But don’t get too excited, because he believes the next dip could send Bitcoin between $74,000 and $82,000, before it ultimately bottoms out at a cool $54,000 to $60,000 by the end of 2026. 📆

So, yeah, it’s looking like Bitcoin is heading for a bear market. The kind of market where prices bounce up and down like a rollercoaster, and we all hope we don’t lose our lunch. 🎢

Introducing: The Death Cross. 😈

But hold your horses! It’s not all doom and gloom. Well, okay, mostly doom, but hear me out. Analyst Doctor Profit (yep, that’s a real name) pointed out that Bitcoin just experienced its first “death cross” since April 2025. And no, this isn’t the name of a new heavy metal band. It’s when the 50-day moving average crosses below the 200-day moving average. Historically, this has led to rallies ranging from 25% to 60%. Sounds like a good time to buy, right? 😎

However, and this is a big HOWEVER, Doctor Profit noted that this time the death cross happened while Bitcoin was 6% below the 50-day exponential moving average (EMA50). In the past, this cross occurred when Bitcoin was above the EMA50, signaling a different vibe in the market. Maybe not as much “rally” as we’d hoped. 😕

And just when you thought it couldn’t get worse, the selling pressure from ETFs and whale transactions has added even more weight to the Bitcoin price. 🐋

With the average price for Bitcoin purchases over the past six months hovering around $94,600, another dip to or below that price could trigger fresh selling. And let’s be honest, short-term traders just love bailing out at breakeven or a slight loss-who doesn’t enjoy a quick exit, right? 🏃‍♂️💨

Doctor Profit summed it all up nicely: “ETF selling, whale selling, and a cluster of sellers sitting at breakeven… Not a great setup for a bull run.” Oh joy. 😩

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2025-11-18 07:27