{"id":6636,"date":"2025-01-08T12:46:49","date_gmt":"2025-01-08T12:46:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6636"},"modified":"2025-01-08T12:46:49","modified_gmt":"2025-01-08T12:46:49","slug":"why-is-bitcoin-dropping-bulls-and-bears-clashing-over-btc-price","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6636","title":{"rendered":"Why is Bitcoin Dropping: Bulls And Bears Clashing Over BTC Price"},"content":{"rendered":"<div>\n<p>Why is Bitcoin dropping? Panic has beset the crypto market, but what can the latest Bitcoin technical analysis reveal about Bitcoin price right now as bears gain a grip over BTC price action.<\/p>\n<p>Happy New Year! Bitcoin <\/p>\n<style>\n    .cwp-coin-chart svg path {\n        stroke: ;\n        stroke-width: ;<\/p>\n<p>    }\n<\/style>\n<p>    <span class=\"cwp-coin-widget-container\" data-id=\"btc-bitcoin\" id=\"coin_widget_id_677e731a79228\"><\/p>\n<p>        <!-- name of the coin in the text --><br \/>\n        <span class=\"cwp-coin-widget-wrapper\" data-id=\"btc-bitcoin\"><br \/>\n            <span class=\"cwp-coin-widget-holder \" style=\"background: #e0e0e0; \"><br \/>\n                <span class=\"cwp-coin-name\" data-id=\"btc-bitcoin\"><br \/>\n                    <span class=\"cwp-coin-icon \"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\" width=\"16px\" height=\"16px\"><\/span><br \/>\n                    <span class=\"cwp-coin-label \"><\/span><br \/>\n                    <span class=\"cwp-coin-symbol hidden\"><\/span><\/p>\n<p>                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-price hidden\"><\/span><br \/>\n                    <\/span><br \/>\n                    <span class=\"cwp-coin-trend-holder\"><br \/>\n                        <span class=\"cwp-coin-trend \"><\/span><br \/>\n                    <\/span><\/p>\n<p>                <\/span><br \/>\n            <\/span><br \/>\n        <\/span><\/p>\n<p>        <!-- popup with basic info about the coin --><br \/>\n        <span class=\"cwp-coin-popup-wrapper \" data-id=\"btc-bitcoin\" style=\"\"><br \/>\n            <span class=\"cwp-coin-popup-holder\"><br \/>\n                <span class=\"cwp-coin-name\"><br \/>\n                    <span class=\"cwp-coin-icon\"><img decoding=\"async\" src=\"https:\/\/cryptify-platform-dev.clickoutmedia.tech\/icons\/btc-bitcoin.png\" alt=\"btc-bitcoin icon\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-name\"><\/span><br \/>\n                    <span class=\"cwp-coin-popup-symbol\"><\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-price\"><br \/>\n                    <span class=\"cwp-coin-price-title\">Price<\/span><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-price-value\"><\/span><br \/>\n                        <span class=\"cwp-coin-trend-holder\"><br \/>\n                            <span class=\"cwp-coin-trend\"><\/span><br \/>\n                        <\/span><br \/>\n                    <\/span><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-volume\"><br \/>\n                    <span class=\"cwp-coin-price-holder\"><br \/>\n                        <span class=\"cwp-coin-volume-title\">Trading volume in 24h<\/span><\/p>\n<p>                    <\/span><br \/>\n                    <span class=\"cwp-coin-volume-value\"><\/span><br \/>\n                    <!-- <span class=\"cwp-coin-trend-holder\">\n                        <span class=\"cwp-coin-trend\">?<\/span> \n                    <\/span>                     --><br \/>\n                <\/span><br \/>\n                <span class=\"cwp-coin-chart\"><br \/>\n                    <span class=\"cwp-graph-title\">Last 7d price movement<\/span><br \/>\n                    <span class=\"cwp-graph-container\"><\/span><br \/>\n                <\/span><\/p>\n<p>            <\/span>           <\/p>\n<p>        <\/span><br \/>\n    <\/span><\/p>\n<p> entered like a beast, gaining 10% and immediately after losing 7%. Is the market still bullish, or did the trend just turn bearish? It was quite the entry into the new year! Lots of over-leveraged traders got wiped out \u2013 liquidated.<\/p>\n<p>Others took losses, and probably some still hold onto their positions, believing in the bullish thesis. Moves like these give good technical analysis data to look at, so let\u2019s unpack it!<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin versus gold \u2013  rocket launch #5 has been delayed due to turbulence above the launch site <a href=\"https:\/\/t.co\/TUpK6lR38t\">pic.twitter.com\/TUpK6lR38t<\/a><\/p>\n<p>\u2014 Northstar (@NorthstarCharts) <a href=\"https:\/\/twitter.com\/NorthstarCharts\/status\/1876942276540211224?ref_src=twsrc%5Etfw\">January 8, 2025<\/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\/cryptocurrency\/how-to-buy-ethereum\/\" target=\"_blank\" rel=\"noopener\">How To Buy Ethereum As a Beginner<\/a><\/strong><\/p>\n<h2>Bitcoin Technical Analysis: Bullish Or Bearish \u2013 To Trade Or Not To Trade<\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-189408\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D.png\" alt=\"\" width=\"2048\" height=\"1332\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D-300x195.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D-1024x666.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D-768x499.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D-1536x999.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1D-50x33.png 50w\" sizes=\"(max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" rel=\"noopener\">BTC\/USDT<\/a>)<\/p>\n<p>As usual when doing technical analysis, we first look at the higher time frame \u2013 1D. I purposely zoomed out until Dec 2023, so we can see how similar of a pattern price formed last month. Both Decembers formed ascending channels, and both broke down. And the 6-month-long descending channel in between was an accumulation that broke to the upside.<\/p>\n<p>I\u2019ve taken the purple box as an area of interest, as it is untested territory. Because price broke below the MA50 (white), that box aligns with the MA100 (green), from which the uptrend resumed in January 2024.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-189412\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H.png\" alt=\"\" width=\"2048\" height=\"1332\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H-300x195.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H-1024x666.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H-768x499.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H-1536x999.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-4H-50x33.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/p>\n<p>(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" rel=\"noopener\">BTC\/USDT<\/a>)<\/p>\n<p>Moving on to 4H, what immediately catches the eye is the strong rejection at $102,000 and a full retrace of the pump we witnessed just two days ago. The bullish outlook quickly turned bearish.<\/p>\n<p>Is this death for bulls and victory for bears? Looking closely, we can see that there was a retrace of the trend line, which was a good trigger to enter a short position at around $99,000 and close with good profit at the support level. On this timeframe, the price is now below all the MAs we monitor.<\/p>\n<p><strong>EXPLORE: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/analysis\/top-solana-projects\/\" target=\"_blank\" rel=\"noopener\">Top Solana Projects For 2025<\/a><\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-189420 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H.png\" alt=\"Technical Analysis on the recent Bitcoin price movements. What is next for bulls and has the trend shifted bearish?\" width=\"2048\" height=\"1332\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H.png 2048w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H-300x195.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H-1024x666.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H-768x499.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H-1536x999.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/01\/BTC-1H-50x33.png 50w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\">(<a class=\"general-link\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" rel=\"noopener\">BTC\/USDT<\/a>)<\/p>\n<p>Last but not least \u2013 1H. Bulls don\u2019t like what\u2019s happened here. This quick sell-off \/ retrace of the pump looked promising until none of the MAs could act as support.<\/p>\n<p>Even though the RSI shows bullish divergence, it would be best to wait for the RSI to drop a bit lower on the higher timeframes before entering longs again. Or until we see MAs reclaimed and retested. Until then \u2013 bears are in control.<\/p>\n<h2>Concluding Thoughts on Bitcoin Technical Analysis<\/h2>\n<p>Me personally, I would wait for the Bitcoin price to settle and find support \u2013 ideally around the levels I pointed out in the 1D chart. Finding a bottom of around $85,000 could become a strong base for launching the next leg up.<\/p>\n<p>Breaking below $68,000 would mean the uptrend is over. It\u2019s a long way down, and it is very unlikely for the price to go that low, considering the constant ETF inflows. Anything can happen in the markets, though, so always manage your risk and protect your capital!<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/elon-musk-bans-andrew-tates-bruv-party-whats-next-for-vote-bruv\/\" target=\"_blank\" rel=\"noopener\">Elon Musk Bans Andrew Tate\u2019s BRUV Party \u2013 What\u2019s Next For \u2018Vote Bruv?\u2019<\/a><br \/>\n<\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/why-is-bitcoin-dropping-bulls-and-bears-clashing\/\">Why is Bitcoin Dropping: Bulls And Bears Clashing Over BTC Price<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is Bitcoin dropping? Panic has beset the crypto market, but what can the latest Bitcoin technical analysis reveal about Bitcoin price right now as bears gain a grip over BTC price action. Happy New Year! Bitcoin Price Trading volume in 24h Last 7d price movement entered like a beast, gaining 10% and immediately after [&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-6636","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\/6636","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=6636"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6636\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}