BitcoinHyper

Full-time crypto trader & investor since 2017

[BitcoinHyper @BitcoinHypers]

$BTC has cleared most of the downside liquidation leverage

The largest liquidation clusters now sit between $74,500 and $78,500

[BitcoinHyper @BitcoinHypers]

$BTC just tagged the 200-week MA

In the previous bear market, Bitcoin bottomed well below that level

[BitcoinHyper @BitcoinHypers]

@Denis_JRS It's unfortunate I know, will be back soon 🙏

[BitcoinHyper @BitcoinHypers]

$BTC now has nearly 14x more liquidations to the upside than to the downside

$16.4B in short liquidations above
$1.2B in long liquidations below

[BitcoinHyper @BitcoinHypers]

Crypto Fear & Greed Index just dropped sharply into extreme fear for the first time in 2 months

[BitcoinHyper @BitcoinHypers]

$BTC just broke below a trendline it had been holding for 4 months

The last time Bitcoin broke a similar trendline, it saw a larger move down

[BitcoinHyper @BitcoinHypers]

$BTC has a potential hidden bullish divergence forming on the 1D RSI

[BitcoinHyper @BitcoinHypers]

$BTC just tapped a trendline that previously led to a major bounce

Bitcoin has been trading above it for the past 4 months

[BitcoinHyper @BitcoinHypers]

$BTC just swept a major liquidity cluster below

The largest cluster now sits to the upside, just above the recent highs around $74,500

[BitcoinHyper @BitcoinHypers]

$BTC bottomed last cycle more than 300 days after losing the 200-day MA following the cycle high

[BitcoinHyper @BitcoinHypers]

$BTC

Last time Bitcoin broke below a similar trendline, it led to a much larger correction

[BitcoinHyper @BitcoinHypers]

$BTC saw a big retracement after printing 2 consecutive green monthly candles in the previous bear market

[BitcoinHyper @BitcoinHypers]

$BTC has over 3x more liquidations stacked above price than below

$10.7B upside short liquidations
$3.07B downside long liquidations

[BitcoinHyper @BitcoinHypers]

$BTC found resistance at the 200-day MA 3 times across the previous 2 bear markets

Each rejection was followed by a larger move down

[BitcoinHyper @BitcoinHypers]

$BTC has a major liquidation cluster forming below the recent low, around $72,300

[BitcoinHyper @BitcoinHypers]

$BTC had 9 red monthly candles from ATH to bear market bottom last cycle

If this month closes red, this cycle will have 6 so far

[BitcoinHyper @BitcoinHypers]

$BTC is forming a potential bullish divergence on the 12H MACD

[BitcoinHyper @BitcoinHypers]

$BTC cycle tops and bottoms have historically formed roughly 4 years apart

[BitcoinHyper @BitcoinHypers]

$BTC made a bullish divergence on the weekly RSI at the previous bear market bottom

[BitcoinHyper @BitcoinHypers]

$BTC has its largest liquidation cluster just above the recent high, above $78,000