Crypto Crisis? Trader Sounds Alarm on Bitcoin’s Troubling Trends! 😱😂

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In a moment that could rival the gravity of a Tolstoyan epic, a certain trader, whose wisdom is sought by many, has cast a shadow upon the gleaming prospects of Bitcoin (BTC). He posits that this digital titan may indeed be strutting in familiar garb, reminiscent of the ominous conclusion to the grand bull market of 2021.

In his latest cinematic offering on YouTube-what a world we live in-Cheds, who counts a respectable 50,300 souls among his virtual congregation, has raised the alarm. He suggests that Bitcoin’s recent jaunt to an exhilarating all-time peak, only to be met by the cold embrace of a sell-off, may be the warning bells tolled for the unwary investor.

Describing a phenomenon known as the upthrust pattern-a term that sounds as dramatic as a Russian novel-he cautions that this can symbolize a bullish trap, signaling the precarious sands of market vulnerability and the potential for a radical shift in trajectory.

“Picture this: a resistance level broken, only to witness a disheartening retreat, failing to hold its ground. Behold the upthrust! And remember that ominous outside bar. Consider the big red candle that cast its shadow upon August 14th,” he muses.

With vivid reminiscence, our trader draws on lessons from the illustrious year of 2021. He recalls how Bitcoin endeavored to breach the lofty confines of resistance at around $69,000, only to stumble and trigger a harsh bear market, leaving many investors pondering the nature of fortune and folly.

“A delightful fractal rendition of BTC 2021 for your enjoyment,” he quips, as if to lighten the enormity of his assertions.

At the same time, the sages behind the crypto analytics oracle known as Glassnode offer a glimmer of hope, positing that the current, punishing correction is merely a fortuitous opportunity for investors to seize upon the digital asset king before it gallops further upward.

Jan Happel and Yann Alleman, the insightful duo known as Negentropic on X, observe that the current turbulence is merely an act of discipline, bidding farewell to the fickle holders. They proclaim, “Market makers are relocating vast reserves of ETH and BTC to exchanges, presumably exploiting this enigmatic weakness to slowly lower prices. Often, this is a prelude to the ascent that follows.”

In a tone both candid and sage, they advise: “Utilize this pullback to fortify your positions and capture the entries that may have eluded you amid the earlier fervor of the rally.”

As the digital sun sets, Bitcoin languishes at a trading price of $115,744, marking a decline of nearly 2% on this day. Such are the cruel and capricious whims of the market, a reminder that in this realm, fortune favors not just the bold, but perhaps also the slightly less bold who prepare well.

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2025-08-18 13:33