{"id":48591,"date":"2025-09-20T11:16:39","date_gmt":"2025-09-20T11:16:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=48591"},"modified":"2025-09-20T11:16:39","modified_gmt":"2025-09-20T11:16:39","slug":"all-classic-signs-of-a-top-crypto-analyst-rings-bitcoin-btc-alarm","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=48591","title":{"rendered":"\u2018All Classic Signs of a Top:\u2019 Crypto Analyst Rings Bitcoin (BTC) Alarm"},"content":{"rendered":"
\n

Bitcoin (BTC) declined modestly on Friday, as its rally lost steam as enthusiasm about lower US borrowing costs tapered off.<\/p>\n

New data suggest that the crypto asset may be approaching a cycle top.<\/p>\n

BTC Rally Nearing Its Breaking Point<\/h2>\n

According to the latest analysis from crypto trader CasiTrades, Bitcoin has reached<\/a> the 0.618 Fibonacci retracement level at around $117,900, which she described as a \u201ctextbook target\u201d for a potential Wave 2 pivot. This level, she argued, is one of the most common bearish turning points in a market cycle.<\/p>\n

CasiTrades revealed that several technical patterns are converging at this point, including the completion of a larger Wave 2 ABC pattern and the alignment of five clear subwaves within the C wave, all targeting the same retracement zone. She added that the Relative Strength Index (RSI) is flashing multiple bearish divergences up to the four-hour chart, which indicates that momentum may be weakening.<\/p>\n

A decisive move below $113,000 would serve as confirmation of a downward trend, and potential downside targets stand near $96,000 or even $90,000. For now, the analyst believes the recent $118,000 high may represent the long-awaited market top, unless Bitcoin manages to invalidate the bearish setup by breaking RSI resistance and pushing to new all-time highs.<\/p>\n

\n

\u201cWe are getting all the classic signs that the market is topping here.\u201d<\/p>\n<\/blockquote>\n

Fears of Deeper Correction<\/h2>\n

On September 19, Michigan\u2019s Bitcoin Reserve Bill (HB 4087) advanced<\/a> through its second reading in the state House before moving to the Government Operations Committee. While the proposal, which would allow up to 10% of state funds to be allocated into crypto, could set the stage for broader institutional entry, its near-term effect remains limited.<\/p>\n

In fact, the bigger risk lies in political resistance. In a statement to CryptoPotato<\/em>, Bitunix Analysts warned that any pushback could spark sharp, liquidation-driven pullbacks in Bitcoin.<\/p>\n

BTC risks facing $113,000 as the first downside level, followed by $111,000 and $108,000. A breakdown below these supports could intensify selling pressure and open the door to deeper declines, and end up overshadowing optimism tied to the bill.<\/p>\n

Similar warnings have been made by different market watchers. Ali Martinez, for one, had previously stated<\/a> that a breakdown below the $115,440 threshold could trigger sharper corrections and even expose the market to declines toward $93,600. Holding above support, on the other hand, leaves room for upside targets near $137,300.<\/p>\n

The post \u2018All Classic Signs of a Top:\u2019 Crypto Analyst Rings Bitcoin (BTC) Alarm<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) declined modestly on Friday, as its rally lost steam as enthusiasm about lower US borrowing costs tapered off. New data suggest that the crypto asset may be approaching a cycle top. BTC Rally Nearing Its Breaking Point According to the latest analysis from crypto trader CasiTrades, Bitcoin has reached the 0.618 Fibonacci retracement […]<\/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-48591","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\/48591","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=48591"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/48591\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}