Bitcoin Crashed For 364 Days In 2018 And 2021… 2026 Might Be Next
1 extracted signal · 1 resolved · 0 still active
Merlijn The Trader09 Jun 2026, 20:30 UTC
AI-generated source summary
The video analyzes Bitcoin's (BTCUSDT) price action, highlighting historical cyclical patterns from 2018 and 2021 to project a potential downtrend extending into 2025. A key bearish signal identified is Bitcoin trading below the 200 EMA, indicating weakness. The analysis points to a breakdown from an ascending channel, with resistance observed around the 81,000-82,000 level. The identified target for a short position is $61,000, with a failure bound set at $64,000, meaning a move above this level would invalidate the bearish outlook. The presenter suggests that the current market phase might be characterized by fear and consolidation, with potential for further downside towards the $59,000-$50,000 range before any significant recovery. The analysis also briefly touches upon Ethereum's price action, noting a similar downward trend and potential support levels.
AI-generated summary based on the source content.
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Signals in this source
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Merlijn The Trader
Tahlil Plus independently records and evaluates public market predictions. Extraction may be AI-assisted and results follow the Tahlil Plus methodology. This information is not financial advice.