Is Bitcoin (BTC) down for the last time before hitting new all-time highs?

Nakamoto 2025-10-28 21:49 21690人围观 BTC

With the S&P 500 and Nasdaq continuing to hit new all-time highs, it’s now Bitcoin’s turn to hit new highs. In other words, BTC prices may need to fall back before they can retest the previous price structure. Back to test a trendline breakout? BTC p

As the S&P 500 and Nasdaq continue to reach new all-time highs, now it’s Bitcoin’s turn to reach new highs. In other words, BTC prices may need to fall back before they can retest the previous price structure.

Back to test a trendline breakout?

BTC price Keep good. Even though BTC is overbought, it is always heading to the downside after a weekend rally. However, the bulls will not be in a rush to let the price fall too deep and allow it to fall below the major trend line again. Therefore, some mild swings within the narrowing channel between resistance and the uptrend line are just what the doctor suggested.

Of course, things are never that simple in trading, so both bears and bulls must remain alert to any eventuality. Nonetheless, as things stand, a reasonable scenario would be for price to swing and then retest the major trendline, perhaps even the neckline of the W pattern. At that point, the 8-hour, or even 12-hour Stochastic RSI indicator will have time to reset before rising again and signaling new upward price momentum.

No major resistance levels left

BTC price Daily chart It shows that there are multiple horizontal resistance levels between the current price and the top 8-year uptrend line. Having said that, none of these resistance levels can really be considered major resistance levels. Therefore, when BTC embarks on its next leg up, the main question will likely be whether it will enter overbought conditions as it currently does.

In terms of support, the major trend lines have served as rising base points for price pullbacks. In fact, price is likely to move back to this trendline to test the recent breakout as well as the neckline of the W pattern.

Bitcoin’s Boom or Bust Is Coming

Bitcoin’s fate is sealed, and that day is coming soon. along with bitcoin price Forced into an ever-narrowing zone, its room for maneuver is shrinking. This area is the peak of the current bull market so far, as well as the peaks of previous bull and bear markets that have continued since the 2017 highs.

An eight-year trend running below an uptrend line will either end soon as price will break above it for the first time, or the trend will continue if price is rejected and falls back into a new bear market.

There is no other case. It's boom or bust. At the bottom of the chart, the Stochastic RSI indicator has reversed and is poised to move higher, while the Relative Strength Index is signaling caution as a descending trendline signals the threat of bearish divergence.

This is an exciting time. Fiat currencies are accelerating toward zero, while sound assets are moving in the opposite direction. This is The fourth turning point . Will Bitcoin play a bigger role in this new financial revolution?

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[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.