Bitcoin ‘bull run is over’, traders say, with 50% BTC price crash warning

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Key takeaways:

  • Market analysts believe the Bitcoin bull run could soon come to an end. 🐂⛔

  • BTC price risks a 50% correction to $52,200 if key support levels fail, according to technical analysis. 💸📉

Bitcoin (BTC) fell to a modest $103,500 on Friday, causing a cascade of over $916 million in liquidations from those over-leveraged long positions and leaving a slightly… let’s say, subdued mood in BTC markets. 😬

Investors appear to be losing faith after two consecutive weeks of failing to keep prices above $110,000. But, does this spell the end of the bull run? Or should we just chill and hold on to our wallets? 🤔💰

Bitcoin bull run “ends in 10 days”

According to the ever-optimistic, ever-cryptic analyst CryptoBird, Bitcoin might only have a handful of days left before its price begins its well-earned nap. This, of course, hinges on it following the sacred patterns of past bull runs. 📅

In a predictably dramatic X thread on Tuesday, CryptoBird declared: “The Bitcoin bull run ends in 10 days.” He built this prophecy on the shaky foundation of historical cycles, which-let’s face it-are rarely wrong. 😂

The Cycle Peak Countdown has bravely announced that the bull run is 99.3% done, as those weak hands get shaken out “in a classic pre-peak pattern,” said CryptoBird. 🧐

“1,058 days since cycle low = 99.3% complete, with only 0.7% remaining of this historic bull cycle. Our October 24 target is exactly 10 days away.” ⏳

Yes, you heard that right. The so-called “final weak hands” are apparently being flushed out like last season’s bad crypto news, with a euphoric top waiting just around the corner. 🧨

Bitcoin Market Analysis

But wait, there’s more-543 days since the 2024 Bitcoin halving, placing the BTC market deep within the statistical “sweet spot” where every major Bitcoin top has historically occurred. What a coincidence! 🎯

“We’re not just in the zone – we’re deep in the statistical heart where every major Bitcoin top has occurred.” 🏹

Bitcoin Halving Analysis

Now, as CryptoMoon delightfully reports, the Bitcoin Fear and Greed Index has plummeted to yearly lows of 22, which is almost like watching your favorite show cancel its next season. 😱

CryptoBird claims this represents the “complete reset” of market sentiment, paving the way for the euphoric climax. Oh, joy. 🏁

“This emotional washout creates the perfect launchpad for final leg euphoria.” 🎉

Bitcoin price could drop to $50,000: Analysts

In a twist that could almost feel like a cruel punchline, Bitcoin’s failure to stay above key support levels today-specifically the 200-day simple moving average-has led to noticeable structural weaknesses. Analysts are now nervously eyeing a potential deeper correction. Oops. 🙄

The price is currently “testing the 0.786 Fibonacci retracement level around $104,000,” said analyst Daan Crypto Trades in a slightly grim X post on Friday, adding that losing this level could send Bitcoin tumbling to June lows around $98,000. 🌪️

“Touching grass if bulls can’t manage to hold this level this week.” 🍃

Bitcoin Market Support Levels

Not one to be left out of the fun, fellow analyst Captain Faibik chimed in to announce that Bitcoin appears to be following a rising wedge pattern on the weekly chart. Hold your applause, folks-this could end up with a target price of a chilling $52,200. 🎭

“The Bitcoin bull run is over,” Captain Faibik declared in a Friday post, adding that:

“A 50% bearish correction is likely incoming in the midterm.” 🥶

Bitcoin Bearish Correction

CryptoMoon wraps it all up with the observation that retail interest in Bitcoin has already dropped to bear market levels. In other words, a lot of people are sitting on their hands, watching the rollercoaster from a distance and waiting for the inevitable drop. 🍿

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2025-10-17 17:23