$42.46m In short liquidations at $62,925 for #Bitcoin. Trade accordingly.
Also, don't become exit liquidity for pre-ipo investors on #SPACEX. They lifted the barriers to fast track this to market. Someone is insolvent..
#CryptoFutures#Finance#ETH#Solana#MicroStrategy
🚨 Bitcoin Monthly RSI Bearish Divergence: The Silent Threat to Watch Closely 🧵
As a long-term believer in Bitcoin's transformative potential, I remain optimistic about its future. However, responsible investing demands that we address technical red flags when they arise. One critical concern stands out on the Monthly BTC/USD Index Chart: a multi-year bearish divergence in the RSI (Relative Strength Index).
This isn’t a case of fear-mongering—it’s a serious signal that deserves discussion. Here’s a detailed breakdown:
Key Technical Observations
1️⃣ Bearish RSI Divergence
Bitcoin’s price has been making higher highs across cycles, but the RSI is trending lower, signaling a loss of bullish momentum. This divergence between price action and momentum is significant, especially on a monthly timeframe, as it often precedes major corrections or extended periods of consolidation.
2️⃣ Momentum Peaking
The Squeeze Momentum Indicator (SQZMOM_LB) histogram shows that momentum is peaking. Historically, contracting green bars in this indicator align with local tops or cycle peaks.
Without renewed momentum, this suggests the current rally could be nearing exhaustion.
3️⃣ Critical Price Targets
The chart highlights a potential correction target near $34,902, a level that represents a 50% retracement from current prices and aligns with previous significant pullbacks.
Price discovery gaps between $30,000 and $40,000 leave this zone vulnerable if selling accelerates.
4️⃣ Overextended RSI
While the RSI has not yet crossed into "extreme overbought" territory, its current value (~69-70) is historically correlated with local tops. The divergence further compounds the risk.
Historical Context & Risk Factors
🔹 Previous Cycles:
Similar setups—where price surges while momentum weakens—have preceded some of Bitcoin’s sharpest corrections. Examples include the post-2013 and 2017 bull market tops.
🔹 Lack of Volume Support:
A failure to sustain institutional or whale-driven buying could exacerbate sell-offs. Historical Point of Control data (~$498) underscores how far Bitcoin has rallied, but it also serves as a reminder of the market’s potential for extreme volatility.
🔹 Market Psychology:
Parabolic moves, like the one we’re seeing, are often followed by sharp corrections. If critical levels like $60,000 or $50,000 are breached, panic selling could escalate.
Why This Matters
📉 Bearish divergences on monthly timeframes are rare but powerful signals. They highlight weakening momentum at a macro scale, often leading to corrections or prolonged consolidations.
While bullish sentiment dominates in bull markets, ignoring risks like this divergence is shortsighted. A balanced perspective is essential to navigate the volatile crypto landscape responsibly.
Potential Scenarios
1️⃣ Bullish Continuation (Low Probability)
For Bitcoin to invalidate this bearish setup:
RSI would need to break its descending trendline.
The momentum histogram would need a renewed surge of green bars to sustain upward price movement.
This could push Bitcoin toward a new ATH beyond $100,000, but current indicators suggest this scenario is less likely in the near term.
2️⃣ Correction to Key Support Levels (Higher Probability)
A pullback to $30,000-$40,000 is a realistic scenario given the divergence and price discovery gaps.
Breaking the long-term green trendline could exacerbate bearish sentiment, leading to deeper corrections.
Consolidation within this range would mirror past cycles like 2018-2019.
Final Thoughts
This isn’t FUD—it’s realism. While Bitcoin’s long-term trajectory remains bullish, technical indicators like the RSI bearish divergence and momentum peaking suggest caution in the short to mid-term.
As traders and investors, we need to "hope for the best but prepare for the worst." Staying informed and managing risk effectively will be critical if Bitcoin faces headwinds in 2025.
What are your thoughts? Will Bitcoin defy the bearish signals, or is a correction on the horizon? Let’s discuss responsibly. 🔄👇
#Bitcoin #BTC #Crypto #RSIAnalysis #TechnicalAnalysis #BTCx #XDC #Memecoins #ETH #XRP #XLM #Sol #NFT
I only return for this post. Told you 67k #BTC wasn't out of question at 120k+. TOLD YOU ALL TO ZOOM OUT. Largest bearish divergence in history right in your face and nooooobooooooddddy wanted to hear it. Anyway, carry on. 🫡
It’s time.
From Level With a Cause, just a gamer chasing purpose 10 years ago, to the long nights and wild rides through crypto, tech, and every community that became family along the way. We built things out of nothing. We dreamed in code. We lived in the moment.
But every story has a closing chapter. And this is mine.
I’ve given what I had to give, shared what I could, and found more meaning here than I ever expected. The memories, the people, the lessons, they’ll stay with me long after the timeline fades.
No drama. No noise. Just truth.
I’m stepping away. Thank you for being part of it. This is where I sign off. Out of the timeline, into life. Goodbye my friends. I love you all. 🫶
~ThatOneKidJack
🚨Market Update!🚨 Bitcoin consolidates under key resistance as momentum builds for the next major move. My full November 4th market breakdown complete with entry, exit, and risk levels is live now.
📊 Read here 👇
https://t.co/eSTKIGO9G1
Notice the #rapture talk on the 23rd is immediately after the majority of our nation has turned to #Christ after #CharlieKirk's murder, and assembly? It's simply a tactic to discredit #Christianity, cooked straight up from the evil powers that be. He will come like a "thief in the night." The Demons are frothing at the mouth like rabid wolves. Don't fall for it, and hold steady in your Faith, especially those new to it. "We argue not with flesh and blood.." #Jesus IS the Lord and Savior, the son of Man. Don't let evil creep in. "Be still and know that I am #God." THIS is how we will beat them, and they know it all too well while they teethe and gnash with their infallible existence. Even those who said foul things and celebrated his killing, calling people "bootlickers" for their caring about it. "Forgive them Father, for they know not what they do.." Evil wants us at each other's throats, not forgiving our enemies, and not walking the way Jesus told us to. Evil NEEDS animosity and strife to draw any semblance of strength. Pray, pray, pray and knock the dust off those Bibles. Jesus is the way, the truth, and the life. Period.
@EvanAKilgore We know it's the scape goat @FBIDirectorKash. Drop the act. We know. Either you fall with the wicked or be risen with the divine. So it was written, so shall it be, but what book do you want your name written in?