It doesn't take a prophet to warn that Bitcoin will keep declining. There is a descending trend line and an inverted bearish flag on the hourly chart. Only something magical could save Bitcoin from falling.
Bitcoin reached its all-time high in the autumn of 2025, and from then on, it has been declining month by month. Furthermore, Bitcoin may drop to very low values, as its chart looks extremely bearish.
What is going on with Bitcoin looks as if it is not a large asset, but a shitcoin, in which the classical "pump and dump" scheme takes place.
No wonder, many treat Bitcoin dismissively and consider it the largest scam in history.
I wouldn't like to be a prophet of doom, but what is happening to Bitcoin looks gloomy. A couple of days ago the massive selloff began again, although Bitcoin has yet to come to the trend line.
The hefty bearish "head and shoulders" pattern formed on the weekly Bitcoin chart last week. Since then, even ardent Bitcoiners have realized that Bitcoin may well drop to very low values at any moment.
People's interest in investing in Bitcoin has dropped off after Bitcoin declined to 60K. The vast majority expect that Bitcoin will keep declining that is why few want to invest in it now.
Investors' attention to #MNRY, which plays a decisive part in its dynamics, having dwindled to almost nothing, #MNRY did not react to the euphoria happening to the vast majority of crypto assets.
Does a huge crisis impend in the crypto industry? Now that hundreds of millions of retail traders have invested a bundle in various crypto assets, I guess,
they are condemned to be cheated out of their money.
The price of Bitcoin is past 100. So, what should be expected next? Notwithstanding that everything is going along well, Bitcoin is overvalued beyond measure, and not only is Bitcoin overbought but also lots of other crypto assets are extremely overvalued.
#Bitcoin was not able pass by the strong resistance level 100 and stopped before this strong resistance level with the object of amassing liquidity so as to make an attempt to smash through this resistance level to keep going up.
It seems as if the current crypto euphoria passed #MNRY by, which is now on the bottom. Still, many hope that crypto traders throughout the word will be able to muster liquidity enough to make a rally in #MNRY.
Which is better action at the moment - investing, trading or just waiting? I favour remaining aloof from #Bitcoin at the moment just because the current situation is unfavorable for any investments.
#Bitcoin has been declining all day long - investors getting nervous about this decline. Even so, we can see the vague outline of something resembling a bullish flag, but much to our annoyance, we cannot assert that what is being formed is definitely a bullish flag.
#MNRY can be seen ascending little by little, as expected. So long have I been vividly describing an opportunity to invest in #MNRY that I am even already tired from it, and this is still another post about #MNRY.
#Bitcoin two-three steps off 100, investors, in the majority, are loath to ditch their bitcoins with the intention of earning still more and getting best off. At the moment #Bitcoin is fluctuating within a narrow range touching its borders on and off.
With the days seeming to go by very slowly, the investors holding #MNRY look forward to a huge vivid green candle or a row of rising candles which could be a cue for a new uptrend. I also find #MNRY preparing the ground for a new ascending trend.
After my last fabulous speculation in #Bitcoin, I preferred keeping it off till better times should come. In other words, if I reckoned on a significant future growth in #Bitcoin, I would not have closed my long position.
#Bitcoin still in the ascendant, the vast majority of investors are in no hurry to sell their bitcoins. Indeed, their plans for the future of their own investments in #Bitcoin are very ambitious.
Notwithstanding that they assess the current situation as the right opportunity to get yet more easy money, #Bitcoin may fall off considerably any day now because of being extremely overbought.