{"id":7379,"date":"2025-01-13T14:47:44","date_gmt":"2025-01-13T14:47:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7379"},"modified":"2025-01-13T14:47:44","modified_gmt":"2025-01-13T14:47:44","slug":"bitcoin-down-8-in-a-week-what-does-technical-analysis-say","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7379","title":{"rendered":"Bitcoin Down 8% In A Week: What Does Technical Analysis Say?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) has dipped below $91,000, a move that aligns with historical post-halving patterns, according to <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42850002\/bitcoin-dumps-below-99000-what-does-technical-analysis-say\">prominent technical analysts<\/a>.<\/p>\n<h2 class=\"wp-block-heading\"><strong>How Long Will Bitcoin&#8217;s Consolidation Last?<\/strong><\/h2>\n<p>Technical analyst Kevin highlighted that Bitcoin&#8217;s 3-day price chart and the Moving Average Convergence Divergence (MACD) indicator have been reliable for tracking bull market trends.<\/p>\n<p>Historical data shows that MACD downside crosses often precede consolidation periods lasting 30 to 174 days. Kevin <a href=\"https:\/\/x.com\/Kev_Capital_TA\/status\/1878571595406389355\">points<\/a> out a potential cyclical pattern:<\/p>\n<ul>\n<li>Previous consolidations: 164, 30 and 174 days.<\/li>\n<li>Current consolidation: 24 days so far, suggesting 35-40 days of range-bound trading before a breakout.<\/li>\n<\/ul>\n<p>In another tweet, Kevin highlighted that Bitcoin faces substantial liquidity blocks between $86,000 to $90,000 and $104,000, suggesting possible sweeps in both directions &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42946401\/bitcoin-down-8-in-a-week-what-does-technical-analysis-say\" alt=\"Bitcoin\" down in a week: what does technical analysis say>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) has dipped below $91,000, a move that aligns with historical post-halving patterns, according to prominent technical analysts. How Long Will Bitcoin&#8217;s Consolidation Last? Technical analyst Kevin highlighted that Bitcoin&#8217;s 3-day price chart and the Moving Average Convergence Divergence (MACD) indicator have been reliable for tracking bull market trends. Historical data shows that [&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-7379","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\/7379","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=7379"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7379\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}