Understanding the Bearish Crab Pattern

In early 2021, crypto analyst Weslad identified the formation of a Bearish Crab Pattern on Bitcoin’s daily chart. This pattern played a crucial role in the price explosion that pushed Bitcoin to its all-time high of $69,000. The pattern’s re-emergence in the current market raises intriguing possibilities for Bitcoin’s trajectory.

The 2021 Pattern’s Impact

Back in 2021, the Bearish Crab Pattern signaled a “Blow-off top” rally, marking the peak of the bull market before transitioning into a bear phase. Recognizing these patterns can help investors anticipate similar trends in the current market.

Key Price Levels and Targets

To capitalize on the Bitcoin price prediction, investors should monitor a few critical price levels. The first is the Activation Trigger, which requires Bitcoin to achieve a daily close above $124,545. Achieving this would confirm the pattern’s presence and potential upward trend.

Next, Weslad identifies the “Buy The Dip Zone” between $118,000 and $120,000. This range offers an ideal entry point for investors during a price retrace, indicating continued bullish control.

Potential Price Targets

If the bullish rally mirrors the 2017-2021 pattern, Bitcoin could reach $136,000, with extended targets of $147,000, and potentially $160,000. However, should Bitcoin break below $107,000, the bullish outlook would be invalidated, requiring a strategic reassessment.

Implications for Investors

The Bearish Crab Pattern provides a roadmap for navigating Bitcoin’s future price movements. While the potential for significant gains exists, investors must remain vigilant and responsive to key price indicators to optimize their investment strategies.

In summary, the Bitcoin price prediction based on the Bearish Crab Pattern offers a structured approach to understanding potential market moves. By closely monitoring the outlined price levels and understanding the pattern’s implications, investors can better position themselves to capitalize on Bitcoin’s next bull cycle.

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Bitcoin experienced a mere 6% dip from its peak at $112,000, which caused some experts to highlight the declining relative strength index (RSI) and predict a market peak. However, Titan of Crypto presents a counter-argument, insisting we are still entrenched in the bull cycle’s most vigorous phase.

Titan identified a consistent pattern in Bitcoin’s past two cycles. Each cycle started with a precipitous decline over approximately 13 months or 396 days. Looking back at 2014-15, Bitcoin’s value plunged from $1,240 to $161 during this period.

Subsequently, prices rallied for 35 months (1,065 days), peaking at $19,800 in December 2017. This pattern of a 13-month fall followed by a 35-month rise was repeated after 2018, ending with Bitcoin valued at $69,000 in 2021.

While some market observers see the declining RSI as an indication of Bitcoin’s zenith, Titan urges us not to overlook it as when momentum diminishes, price often takes a pause. He uses RSI, trading volume, and on-chain data to provide real-time demand analysis.

Current reports indicate the bullish phase of this cycle began in January 2023 and currently is in its 29th month. Bitcoin has seen a 530% surge since the inception of this cycle. If these trends continue, we can expect at least five more months of upward trajectory before reaching a potential peak around November.

Notable crypto industry leaders, including Samson Mow (Jan3 CEO), Raoul Pal (Real Vision), and Strategy’s Michael Saylor, predict Bitcoin values reaching between $500,000 and $1 million before any significant correction occurs. They attribute this to increasing institutional investments and a likely supply squeeze post the next halving.

Unlike previous rallies, Bitcoin now operates in tandem with ETFs, corporate purchases, and an increased number of traders analyzing on-chain signals. CoinCodex’s latest forecast anticipates Bitcoin’s value to increase by 5.73% to around $110,732 by July 19, 2025.

The post Bitcoin’s Bull Cycle Nearing its Apex: Analyst Provides Crucial Perspective appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Martinez believes that Bitcoin’s top market value during this bull cycle could reach $120,000, based on the Cumulative Value Days Destroyed (CVDD). This on-chain metric gauges spending activity of long-term holders by tracking the total coin-days destroyed when dormant Bitcoin moves. A rise in CVDD usually signifies profit-taking by long-term holders, indicating an overheated market, while decreased CVDD indicates accumulation phases.

Renowned analytics firm CryptoQuant uses the CVDD to produce multiple layers, each representing different aspects of the bull market. The Accessing Tops layer, the black line, is currently around $120,000, suggesting this could be the next market peak. Another crucial layer is the Accumulating Phase 2, positioned at $90,000, acting as the first significant support line for bulls.

As Bitcoin’s price hovers around $103,242, Martinez warns that maintaining the $90,000 price support is crucial for Bitcoin’s bull structure and a potential climb to $120,000.

At the time of writing, Bitcoin is trading at $103,573, with a slight market gain of 0.09% in the past day. According to Martinez, major positive developments will only occur if the price closes above $107,000. Bullish sentiments remain high, as demonstrated by the Bitcoin Spot ETFs, which registered a net inflow of $1.81 billion in the past week.

With a market cap of $2.04 trillion, Bitcoin maintains its position as the most valuable digital asset, holding about 62.8% of the crypto market.

The post Bitcoin Might Reach a $120,000 High: On-Chain Data Proposes, with a Noteworthy Condition appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Can Bitcoin’s Price Attain a New Record High in This Cycle?

A crypto analyst, known by the pseudonym ShayanBTC, offered new perspectives on the prevailing Bitcoin market trends and the ramifications of the latest price drop in a Quicktake article on the CryptoQuant platform. This analysis uses the Realized Cap of Unspent Transaction Output (UTXO) age bands, a metric that studies the purchasing habits of diverse investor cohorts.

The UTXO age bands gauge compares the mean price Bitcoin holders bought their coins at and how long they’ve retained those assets. ShayanBTC’s recent analysis focuses on the 3 – 6 months and 6 – 12 months age bands.

Data from CryptoQuant shows an unbroken increase in the percentage of coins held by these investor groups. ShayanBTC points out that this growth mirrors the accumulation patterns seen during the extended correction in the summer of 2024.

According to the Quicktake analyst, this pattern indicates a “holding trend” where 3 – 6 months and 6 – 12 months investors are retaining their assets despite the current market correction. “As more coins transition into the possession of long-term holders, the available circulating supply decreases, enhancing Bitcoin’s scarcity,” added ShayanBTC.

Historically, these supply constraints can trigger strong price surges, particularly when coupled with new demand. ShayanBTC believes this market behaviour could trigger price discovery and push Bitcoin’s price to unprecedented highs.

Moreover, the Quicktake analyst thinks that the current on-chain structure suggests a lower probability that the Bitcoin market is at the onset of a bear season. The ongoing drawdown seems to be a healthy correction within a wider bullish cycle.

An Overview of Bitcoin’s Price

Bitcoin’s price appears to be gathering bullish momentum, briefly surpassing $86,000 in the early hours of Sunday, April 13. At the time of writing, BTC stands at around $85,200, representing a more than 2% upswing in the last 24 hours. Data from CoinGecko reveals the leading cryptocurrency has risen by roughly 2% in the past week.

The post Analyst Calls Bitcoin’s Drop to $74,000 a ‘Positive Correction,’ Asserts Ongoing Bull Trend appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

In a post made on March 19, Ju suggested that those who use only onchain metrics to monitor retail movements might be missing crucial information. “Retail investors are probably engaging via ETFs— the paper Bitcoin layer — which does not reflect onchain,” Ju stated. He further explained that this occurrence keeps the realized cap lower than if the funds were directly transferred to exchange deposit wallets.

He noted that 80% of Bitcoin spot ETFs are from retail investors, a trend that Binance analysts had already identified in October of the previous year. These analysts had suggested that most ETF purchases were likely from retail investors transitioning their assets from wallets and exchanges to funds that offer greater regulatory protection.

Ju’s comments were in response to criticism of his earlier prediction that the “Bitcoin bull cycle is over” as announced on March 17. “I’ve been advocating for a bull market for the past two years, even when indicators were borderline. I’m sorry for the shift in perspective, but it’s becoming quite clear that we’re transitioning to a bear market,” he said.

Ju clarified that when he declared the bull cycle over, he meant that Bitcoin could take “6-12 months” to surpass its all-time high, not that it was on the brink of crashing. He noted that various indicators are showing a dearth of new liquidity, which is likely influenced by macro factors.

Market participants frequently use retail investor activity as an indicator of market saturation or as a signal to begin selling when the market seems to be overheating. Tools like the Crypto Fear & Greed Index, Google search trends, and the popularity of crypto apps globally help gauge the level of retail interest in the market.

As of now, the Google search score for “crypto” stands at 38, a significant drop from its score of 100 during the period when Bitcoin hit its record high of $109,000. Currently, Bitcoin is trading 22% lower than its January peak.

Note: This article does not provide investment advice or recommendations. All investment and trading actions come with associated risks, and individuals should perform their own research before making a decision.

The post Retail Investors Already Participate in Bitcoin: Reinventing the Bull’s Playbook, Says CryptoQuant CEO appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.