Technical analysis by VictorCobra about Symbol BTC: Sell recommendation (11/19/2025)

Can't believe how long it's been since I last posted an update. Maybe this means the bottom is near. I'm going to make this concise - don't want to waste too much time here. Bitcoin has largely failed to sustain a SIGNIFICANT new all time high since the previous bull market. Volume is dominated by retail selling rather than buying. Bitcoin active addresses continue to stagnate at 2018/2019 levels. All the long term trendlines I had been looking at have now broken down. studio.glassnode.com/charts/addresses.ActiveCount?a=BTC&resolution=1w You can read up on all the reasons as to why I expected an outcome like this on my page. I don't feel like I have much to reiterate. I was incorrect in guessing Bitcoin would not sustain significantly above its last all time high, but when you factor in inflation and how much better a multitude of assets have performed since 2021...well, you can't say it's been much of a "success" for Bitcoin. MSTR has also now tanked below its last low, confirming a double-top. If Bitcoin follows suit, we can expect it to venture down towards the 200 Week Moving Average (light blue), which coincides nicely right now with the top trendline from the big broadening pattern that sent Bitcoin into its last bull run. This would place a "bottom" around $56-58K. For the swing traders out there, where's the next bounce? Well, right now would be a good technical spot for one. Anywhere between here and $83K - and price can venture back up to retest the 50 week MA (red) as resistance, which is currently above $100K. That is to say, it can bounce up to 25-30% and continue in a broader bearish trend. The current level also happens to coincide with the previous bull market top for the TOTAL crypto market cap: Though, looking at this chart, it seems like it could easily head down to $2.5T from here. And it's not a good look in general. I'm going to make a parallel post about the stagnating growth for crypto, where I'll get a little more into my real thoughts/feelings about this market. That's it from me! Thanks for reading as always. -Victor CobraRealizing I contradicted myself a little (annoying that you have such a short window to edit posts on here) by saying that I was wrong in guessing Bitcoin couldn't sustain significantly above its last all time high. What I mean is that I had guessed Bitcoin wouldn't be able to get much above $69K and stay there, but it did. Earlier, when I said it had failed to sustain a SIGNIFICANT new all time high, I meant that $120-130K is not that significant when factoring in inflation and other asset appreciation in the same timeframe.