Bitcoin flashes ‘highest bearish’ signal in years; $100,000 crash next?
2025-07-20 12:43:38
Main Idea
Bitcoin's price analysis indicates a potential bearish trend as it struggles to reclaim the $120,000 level, while altcoins like Ethereum and Litecoin gain momentum.
Key Points
1. Bitcoin's breakdown could mark a key reversal, with the price attempting to reclaim $120,000 after hitting a record high above $123,000.
2. A bearish pattern is supported by heavy selling pressure, similar to trends seen during the 2021 and 2022 peaks.
3. Altcoins like Ethereum (ETH) and Litecoin (LIT) are gaining momentum, while Solana (SOL), Cardano (ADA), and XRP show mixed performance.
4. Bitcoin's social media activity has surged, with 43% of crypto-related mentions focused on Bitcoin, indicating rising retail investor interest.
5. Bitcoin's technical indicators show near-term strength with a 50-day SMA at $108,727, but the 14-day RSI at 65.01 suggests caution.
Description
The Bitcoin Dominance Index has recorded its most bearish volume session since February 2021, signaling the strongest negative momentum in more than four and a half years. According to analysis by Master Ananda , this breakdown could mark a key turning point in the cryptocurrency cycle, possibly foreshadowing a crash from the six-figure price levels, he said in a TradingView post on July 20. Bitcoin price analysis chart. Source: TradingView Notably, the bearish signal has emerged as Bitcoin ( BT...
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