🚀 Bitcoin’s Cute Conundrums: Is the End Near?! 📉

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The $BTC price continues to waltz sideways, rather coyly pouting through a downtrend line which, until now, it had respected for a rather tedious three months. Could long-term holders, those venerable and stoic custodians of digital gold, still be distributing? Or might there be a glimmer, a faint hope, that a strong upside rally is but a twinkle away?

Nearly half of all remaining BTC sold

Behold this fascinating data, recently paraded by Bitcoin Magazine Pro, a spot where news often pirouettes on thin air. It boldly asserts that a grand total of 7.5 million BTC, by those ardent holders besotted with long-term affection, have been generously distributed during this entertaining bull market saga. If one counts that a melancholic 4 to 5 million BTC has been consigned, alas, to the void of permanence, then it appears that nearly half of all BTC has been offered for sale. With such staggering selling pressure, it may come as no surprise that the demand for Bitcoin has, at the very least, kept pace. Or perhaps it ascended beautifully to the occasion?

Is the selling coming to an end?

Consider the 4-hour chart for $BTC. Each attempt of this bold price to take flight to new heights is promptly escorted back to terra firma. This dance corresponds with the suave market makers’ harmonised moves, selling into strength on behalf of those eager clients wishing to liquidate a posse of their Bitcoin stash.

The lingering question now becomes: how much is there still to be dispensed into the impersonal clutches of the market? With 7.5 million $BTC already unceremoniously offloaded, mightn’t a curtain call on the selling be upon us? From a technical analyst’s perspective, oh the possibilities that arise. That downtrend line has been breeched; the price languishes about its new darling, the retest, poised for a dramatic flourish. The dispositions of the weaker hands might align, and at just the right moment, the price could take a grand leap into the ether, only to surprise us all.

A lower low still a possibility?

The daily chart, that grand stage, reveals how $BTC has at the dalliance’s end reapproached its dwindling downtrend line, graced by a status above a major ascending trendline. The path ahead might yet yield additional heart-scalding reversals, potentially rehearsing a Wyckoff accumulation motif, perhaps climaxing in an encore dive to an even lower trough. This, after all, could serve as the ‘spring’ for a vigorously awaited and feverishly anticipated rally.

At the bottom of the canvas depicting the RSI indicator line, one observes a buoyant bounce from its downtrend companion post breakout-a decidedly cheerful sign, assuming the indicator remains triumphant above and, even better, gallantly strides higher.

A tale of two falling wedges: can history repeat?

The weekly chart’s revered view asks for nothing more than a perfunctory survey. The major ascending trendline and downtrend line, those steadfast gatekeepers, thus far retain their dignified composure. Both figures stand resolute against the eager fingertips of history.

Remember the previous falling wedge, a performer most celebrated, which found itself in a brace from a strikingly similar station. In response, the price unfurled into a robust rally. Why, just because history scoffs at repetition, should it not happen anew?

In the bottom knave of the chart, the Stochastic RSI indicators poise themselves to interlace once more. This exact celestial alignment, it seems, was the impetus for the previous falling wedge’s audacious ascent. Is this the next scene in our unfolding drama?

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2025-12-31 13:48