$BTC The bull market has been declared over once again!
Every time there’s a major sell-off, someone says Bitcoin is finished!
They’ve been calling it from $16,000 all the way up to $80,000.
Time and again, panic has eventually given way to a rebound.
Will the market prove the bears wrong again this time?
Looking back at BTC’s weekly chart, from around $16,000 in 2023 to the later $25,000, $50,000, and $80,000 ranges, every time the market has seen a significant pullback, some have insisted the rally was completely over. But as the chart shows, many of the past declines labeled as the end of the bull market were followed by rebounds of varying strength, and even went on to reach new interim highs. Now BTC has fallen back to around $81,000, and that familiar pessimism has returned.
However, the fact that the market has rebounded successfully many times before doesn’t mean this correction is necessarily over. BTC is still facing pressure from recurring ETF outflows, shifting expectations for macro interest rates, and short-term leveraged liquidations. The key things to watch next are whether spot demand around $80,000 can hold up and whether the price can reclaim the $85,000 region. If key support holds and the weekly chart gradually forms higher lows, the bulls will have a chance to regain the initiative.
Whenever people say Bitcoin is finished, the real question to watch is who’s buying while everyone else is panicking.
If history repeats itself, BTC—which is being questioned again and again today—may once more teach the bears a lesson about the market!
Tap the card below and get started! 👇
$ETH $ZEC
Every time there’s a major sell-off, someone says Bitcoin is finished!
They’ve been calling it from $16,000 all the way up to $80,000.
Time and again, panic has eventually given way to a rebound.
Will the market prove the bears wrong again this time?
Looking back at BTC’s weekly chart, from around $16,000 in 2023 to the later $25,000, $50,000, and $80,000 ranges, every time the market has seen a significant pullback, some have insisted the rally was completely over. But as the chart shows, many of the past declines labeled as the end of the bull market were followed by rebounds of varying strength, and even went on to reach new interim highs. Now BTC has fallen back to around $81,000, and that familiar pessimism has returned.
However, the fact that the market has rebounded successfully many times before doesn’t mean this correction is necessarily over. BTC is still facing pressure from recurring ETF outflows, shifting expectations for macro interest rates, and short-term leveraged liquidations. The key things to watch next are whether spot demand around $80,000 can hold up and whether the price can reclaim the $85,000 region. If key support holds and the weekly chart gradually forms higher lows, the bulls will have a chance to regain the initiative.
Whenever people say Bitcoin is finished, the real question to watch is who’s buying while everyone else is panicking.
If history repeats itself, BTC—which is being questioned again and again today—may once more teach the bears a lesson about the market!
Tap the card below and get started! 👇
$ETH $ZEC