Bitcoin just slipped beneath a crucial multiyear uptrend support, sending ripples through the market and triggering fears of a major crash—could this be the start of a bear rally? Not necessarily.
What’s Happening with BTC?
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Bitcoin has plunged over 13.75% from its all-time high of $124,500, breaching a long-standing upward trendline that has grounded its steady ascent for years.
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This breakdown has sparked concern among investors worried this might hint at a deeper and broader correction ahead.
Is It All Doom and Gloom—or a Fakeout?
History shows us that dropping below a parabolic trendline doesn’t always mean disaster—especially if momentum indicators like the RSI remain intact. Bitcoin has survived similar dips:
| Year | Outcome |
|---|---|
| 2013 | Crashed ~85%, from ~$1,150 to $150 |
| 2017 | Collapsed ~84%, from ~$20,000 to $3,100 |
| 2021 | Slid ~77%, from ~$69,000 to ~$15,500 |
The real danger historically materialized only when both parabolic trendline and RSI support failed together.
Experts Weigh In: Fakeout or Fresh Floor?
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BitBull, a prominent crypto analyst, dubs this move a likely “fakeout.” Rather than marking a bottomless pit, dips—even capital-wick style plunges—below $100,000 may be part of Bitcoin’s established strategy to shake out weak hands before mounting another rally.
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According to SuperBro, indicators like the Pi Cycle Top model back this view, serving as warnings for cycle peaks—not endpoints.
In essence, the $80,000–$100,000 zone may simultaneously serve as bearish targets and springboards for the next upward surge.
Key Lesson: Not Every Break Signals a Breakdown
What to Watch:
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RSI support—If it holds, recovery remains likely; if it breaks, deeper pullbacks could follow.
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The $80,000–$100,000 range—May present a strategic accumulation zone.
Final Takeaway
Yes, Bitcoin has fallen below a sacred trendline—a development that understandably rattles investors. But before hitting the panic button, remember:
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Momentum remains alive via RSI.
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Historical precedent suggests such dips can be restorative, not destructive.
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Analysts see potential for opportunistic buying in the dip, not a bear market's onset.
This isn’t necessarily the end of the bull run—it might be the setup for Bitcoin’s next springboard.
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