NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

These Three Factors Suggest Bitcoin is Already in a Strong Downtrend

Cole Petersen
Cole Petersen
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

It has been a rough week for Bitcoin. The benchmark crypto rallied to highs of $9,800 just a few short days ago before once again being met with massive selling pressure that caused it to slide lower.

The mixed price action it has seen in recent times is strikingly similar to that seen in the traditional markets, suggesting that it may remain highly correlated to stocks and other mainstream assets.

At the moment, BTC does appear to be in a precarious position.

It is currently attempting to hold above the lower boundary of its long-established trading range, although the support at this level appears to be growing increasingly weak.

It now appears that there are three factors that all distinctly suggest that Bitcoin has entered a downtrend and that further downside could be imminent.

This comes as analysts are noting that its reaction to a potentially imminent visit of $8,600 could determine its fate in the days, weeks, and even months ahead.

Bitcoin Slides to $9,000 as Selling Pressure Continues Mounting 

At the time of writing, Bitcoin is trading down just under 1% at its current price of $9,070.

BTC has been trading around this price level for the past couple of days, but its inability to push into the mid or upper-$9,000 region does seem to point to underlying weakness amongst its buyers.

Just a couple of days ago, sellers forced it as low as $8,900. There was, at the time, heavy buying pressure at this price level.

As NewsBTC reported over the weekend, from a mid-term standpoint, Bitcoin’s trend in the coming weeks may depend on its reaction to $8,600.

One analyst spoke about the importance of this level, explaining that an ardent defense of this level could be enough to push BTC up to $10,500. In contrast, a decline beneath it could invalidate its multi-month uptrend and force it significantly lower.

“Bitcoin: All depending on holding $8,600-8,800. If we do, we’ve got a hidden bullish divergence (I don’t do much with them regularly). And another HL. The next test of $10,500 = very likely breakout. Losing $8,600 -> invalidation,” he said.

Image Courtesy of Crypto Michael. Chart via TradingView

Three Factors Show that BTC Has Entered a Downtrend

It does appear that Bitcoin may already be in a downtrend, despite it still trading within its long-held trading range.

Data platform Coinalyze spoke about this possibility in a recent tweet, explaining that there are three factors supporting this notion.

They note that a falling price coupled with growing open interest and a falling Cumulative Volume Delta (CVD) signals that further losses may be imminent.

“Bitcoin 4h: Theoretically this is a strong downtrend. Price fall + OI grow + CVD fall = strong downtrend,” they noted.

Bitcoin

Image Courtesy of Coinalyze.
Featured image from Shutterstock.

Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Holds 4% Above STH Cost Basis As Mature Bull Cycle Demands Discounts

Bitcoin Holds 4% Above STH Cost Basis As Mature Bull Cycle Demands Discounts

Bitcoin has slipped more than 8% from its all-time high of $124,500, fueling bearish sentiment across the market. While this...

Sebastian Villafuerte 4 hours ago
solana

SOL crește cu 35%: Ce criptomonede de pe Solana urmăresc investitorii?

Nu este surprinzător deloc pentru majoritatea investitorilor faptul că în ultima lună prețul Solana a crescut cu peste 35%, de...

antonio 4 hours ago

Prezzo Ethereum in Crescita? BitMine Assorbe 319.000 ETH in una Settimana

BitMine Immersion avrebbe accumulato la cifra impressionante di 319.000 ETH in appena una settimana. L’acquisto massiccio, dal valore superiore a...

clararosati 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Countdown To Fed: Rate Decision Could Trigger Bitcoin Breakout

Godspower Owie 2 hours ago
Best Crypto to Buy as US Promises an End to Crypto Debanking, Belarus Adopts Crypto

Crypto’s Turning Point? US Promises to End Crypto Debanking, Belarus Embraces Decentralization

Aaron Walker 3 hours ago
Bitcoin

Bitcoin Miners Are Changing The Status Quo As BTC Price Hits $114,000, Here’s What They’re Doing

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の展望:DOGE ETF開始を前に高まる期待

    ドージコイン 今後の展望:DOGE...

    4 hours ago
  • リップル 今後の展望:電気自動車メーカーがXRPステーブルコインを採用、次世代決済網への布石か

    リップル...

    5 hours ago
  • 「2025年の有望株とされる仮想通貨プレセール ― 1000倍リターンを狙える新興プロジェクト」

    ...

    5 hours ago
  • 仮想通貨おすすめ:新しいレイヤー2プレセール急騰、MYXファイナンス継続上昇、ソラナが220ドル到達

    ...

    5 hours ago
  • 新しい仮想通貨の注目銘柄:100ドルが2026年までに1万ドルへ成長する可能性

    ...

    6 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.