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26/09/25 10:24 UTC-04

TradingView Analyst Announces Start of Bitcoin Bear Cycle

According to a TradingView expert, Bitcoin’s bearish trend has already begun, and at the peak of the downward cycle, the coin’s price could fall to $61,000. On the crypto market, the analyst noticed a general weakening of the upward momentum, linked to a significant flow of free liquidity into Bitcoin — against the backdrop of changing sentiment among retail and corporate investors.

EXCAVO stated that the conclusions about an upcoming reversal of the bullish trend are confirmed by three classic signs of reaching the price peak:

“General optimism” — when crypto investors’ positive sentiment is fueled by favorable events, while governments approve cryptocurrencies and announce the formation of Bitcoin reserve funds, which reinforces the bullish outlook.

Bitcoin is being actively accumulated by major financial companies and investment funds. For example, public firms such as Strategy and Metaplanet are significantly increasing their cryptocurrency holdings.

Finally, the media are actively spreading positive news about Bitcoin’s inevitable growth in the medium term — for instance, to $200,000, $300,000, or even over $1 million.

The abundance of such reports and investors’ reluctance to sell the leading cryptocurrency in hopes of future growth also indicate that Bitcoin has reached its price peak and may be headed for a reversal, the analyst added. According to him, under the theory of market cycles, after 151 weeks of growth there always follows 51 weeks of decline. Thus, by October 6, the crypto market may enter the initial phase of a deep correction, EXCAVO suggests.

Earlier, Raoul Pal, founder of the analytics firm Global Macro Investor and co-founder of the media platform Real Vision, stated that Bitcoin’s price is moving in a sideways trend and has stopped following the growth of the global money supply (M2) due to U.S. Treasury interventions in the government debt market.

See also: "Bitcoin at $90,000 or $130,000 — which scenario is more likely?"

#Bitcoin (BTC) #Bearish Trading

Editor: Alyona Nabok
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09/06/26 09:51 UTC-04

Bitcoin Could Fall Even Further After Its Worst Week Since the FTX Collapse

Bitcoin’s fall below $60,000 last Friday capped its worst week since the collapse of Sam Bankman-Fried’s FTX exchange in 2022. The forces currently at work seem almost harmless compared with those events, but that is exactly what worries analysts, who warn that the token’s modest rebound may prove short-lived as structural weaknesses are exposed. Bloomberg writes about this.