{"id":14977,"date":"2025-02-25T19:02:07","date_gmt":"2025-02-25T19:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14977"},"modified":"2025-02-25T19:02:07","modified_gmt":"2025-02-25T19:02:07","slug":"bitcoin-price-heads-south-where-can-btc-usd-find-a-bottom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14977","title":{"rendered":"Bitcoin Price Heads South: Where Can BTC USD Find a Bottom?"},"content":{"rendered":"<div>\n<p>Bitcoin price is in bear hands today and yesterday. BTC is currently hovering around $88,000 and trading at 20% below the ATH of $109,900 at the time of writing.<\/p>\n<p>When crypto sees a drop like this, fear can overcome rationality and reason. A good trader must keep a level head and avoid involving emotions, not FOMOing into trades. The best way to do that is by doing an analysis again and again.<\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67be10df38a7c\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67be10df38a7c-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67be10df38a7c-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67be10df38a7c-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67be10df38a7c-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67be10df38a7c-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67be10df38a7c-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67be10df38a7c-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67be10df38a7c-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67be10df38a7c-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67be10df38a7c-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67be10df38a7c-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67be10df38a7c-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p>Look at the date of CZ\u2019s tweet below! On Dec 17th, 2020, the daily candle on Bitcoin closed at $22,780.<\/p>\n<p>Many people found it unbelievable that BTC would reach such prices back then. As it turns out, it had a few more x\u2019s before topping out at $69,000.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Waiting for the new headline: <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a> &#8220;CRASHES&#8221; from $101,000 to $85,000.<\/p>\n<p>Save the tweet.<\/p>\n<p>\u2014 CZ <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f536.png\" alt=\"\ud83d\udd36\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BNB (@cz_binance) <a href=\"https:\/\/twitter.com\/cz_binance\/status\/1339486504062648320?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 17, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-crypto-trends-for-bull-run\/\" target=\"_blank\" rel=\"noopener\">Crypto Trends For Bullrun<\/a><\/strong><\/p>\n<h2>Bitcoin Price Analysis: BTC USD Analysis Before Catalysis<\/h2>\n<p>What do you mean, bro, what catalysis?<\/p>\n<p>Catalysis in chemistry is the process of adding a catalyst to facilitate a reaction.<\/p>\n<p>In trading, fear is the catalyst to FOMOing into trades. You know what FOMO means.<\/p>\n<p>A decision driven by fear is rarely a good decision. It\u2019s rather a reaction.<\/p>\n<p>As I wrote above, the best way to avoid doing that is by opening the charts and starting to draw lines. Before continuing, please <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/why-is-bitcoin-dropping-bulls-and-bears-clashing\/\" target=\"_blank\" rel=\"noopener\">revisit my previous article<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-208908 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H.png\" alt=\"Bitcoin price technical analysis. Crypto markets are dropping in price and sentiment as well. Where is the bottom going to form?\" width=\"2048\" height=\"1332\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H-300x195.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H-1024x666.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H-768x499.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H-1536x999.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/4H-50x33.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/cQHRy6r6\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT<\/a>)<\/p>\n<p>Today, we will start by taking a closer look and gradually zoom out. The 4H chart shows a sharp price drop after it broke below the support line of $92,400.<\/p>\n<p>If you opened the previous article, you saw the green arrow was where the price was at. Since then, there has been a fake breakdown of support, reclaim, and another run towards the highs. It successfully fooled people into entering long positions.<\/p>\n<p>Following the chart, the price went back to support, and it looked like it was going to push above the mid-range, but instead, it reversed swiftly. As a result, longs have been getting liquidated or closed yesterday and today. The liquidated longs exceed $1,300,000,000!<\/p>\n<p>Lastly, in this timeframe, we see that RSI is in the oversold area.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-208926\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D.png\" alt=\"\" width=\"2048\" height=\"1278\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-300x187.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-1024x639.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-768x479.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-1536x958.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-50x31.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/cQHRy6r6\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT<\/a>)<\/p>\n<h2>Bitcoin\u2019s Bullish BTC USD Structure Not Broken<\/h2>\n<p>Next, we look at the Daily chart. The purple box is the gap on the left, which I discussed in my previous article. It did not look like the Bitcoin price would drop to that level, but things changed quickly in just two days! And now it looks like this could be a possible reversal area.<\/p>\n<p>Peeking at RSI again, it\u2019s entering oversold now, too. The line at $73,500 is the high from the Spring of last year, which was tested again before the price broke and entered discovery. This is the lowest I\u2019d like the price to go, not lower \u2013 in order to maintain a bullish structure.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-208935\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib.png\" alt=\"\" width=\"2048\" height=\"1275\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib-300x187.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib-1024x638.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib-768x478.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib-1536x956.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1D-Fib-50x31.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/cQHRy6r6\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT<\/a>)<\/p>\n<p>Next, just a quick look over Fib Retracement on the 1D. A classical tool that works well for crypto analysis. It aligns to a high degree with the levels in the previous chart. 0.618 would be a great level to bounce off, as it sits in the middle of that gap.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-208939\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W.png\" alt=\"\" width=\"2048\" height=\"1277\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W-300x187.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W-1024x638.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W-768x479.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W-1536x958.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/02\/1W-50x31.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/chart\/cQHRy6r6\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT<\/a>)<\/p>\n<p>Last, we\u2019re zooming out the furthest, looking at the Weekly chart. The RSI bearish divergence was one signal to consider this retrace a possibility. Another is the four wicks above $104,600 and the inability to close above.<\/p>\n<p>Swing failure and deviations are what happened up there. Nevertheless, this chart looks the best in terms of trend. I\u2019ll be keeping an eye on the 40-45 RSI level to hold.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/exchanges\/decentralized-dex\/\" target=\"_blank\" rel=\"noopener\">Best Decentralised Exchanges<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways From Bitcoin Price Analysis<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Bitcoin is still in bullish trend despite upwards of 1.3 billion worth of long liquidations.     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         Key area between 82,000 and $86,000 .     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         BTC price bulls want to keep price above $73,000, which is ways below.     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-price-heads-south-where-can-btc-usd-find-a-bottom\/\">Bitcoin Price Heads South: Where Can BTC USD Find a Bottom?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is in bear hands today and yesterday. BTC is currently hovering around $88,000 and trading at 20% below the ATH of $109,900 at the time of writing. When crypto sees a drop like this, fear can overcome rationality and reason. A good trader must keep a level head and avoid involving emotions, not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14977","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14977"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14977\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}