Bitcoin Faces Familiar Crossroads As Midterm Cycle Turns Bearish: Analyst
A worst-case scenario is now on the table. Some analysts say Bitcoin could fall as low as $41,000 if a bear flag pattern currently forming on price charts plays out — a warning sign drawing attention as the cryptocurrency trades near $66,000, roughly half of what it was worth at its recent high. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth Geopolitical Shock Hits At A Bad Time The closure of the Strait of Hormuz sent oil prices surging this week, rattling global markets and pulling risk assets lower. Bitcoin was caught in the selloff. Prices slipped....
Related News
Every few years, a chart pattern resurfaces in the Bitcoin market that commands serious attention because it has repeated itself with near-mechanical consistency across every major US midterm election cycle since Bitcoin first started trading. Bitcoin’s price history shows that these election-year corrections often happen near the end of major bull cycles before eventually giving way to another powerful expansion phase. Now, with the 2026 midterm cycle underway and Bitcoin already more than 50% off its all-time high, the coming months could include both a deeper correction and a much....
Despite trading more than 40% below its all-time high, with $70,000 serving as a short-term support level, Bitcoin (BTC) may be poised for a repeat pattern that could lead to a 54% increase following this year’s US midterm elections. New research from cryptocurrency exchange Binance suggests that, historically, the aftermath of midterm elections has been positive for both the Bitcoin price and the S&P 500. Will Bitcoin Follow Historical Patterns? The research shows that since 1939, the S&P 500 has reported no negative returns in the 12 months following midterm elections, averaging....
Dogecoin finds itself at a critical crossroads as price action sinks into the lower 5% of its long-term channel, a zone that has historically preceded explosive rallies. Yet with fresh bearish pressure triggered by a sharp Tenkan-sen cross, the market now faces a defining moment: rebound or extended grind? A Critical Turning Point For Dogecoin DOGECAPITAL, in a recent analysis, highlighted that Dogecoin has slipped into the lower 5% of its long-term trading channel. Each time price has entered this zone in the past, it has preceded powerful rallies following periods of consolidation. That....
Dogecoin’s drawdown may be closer to its late-stage “capitulation” phase than a clean bottom, according to crypto YouTuber VisionPulsed, who argued in a Feb. 8 video that lingering bullishness across Crypto Twitter and YouTube is itself a signal the market likely hasn’t inflicted enough pain yet. In his latest Dogecoin-focused update, VisionPulsed framed the setup less as a clean technical inflection and more as a familiar cycle pattern: retail optimism fades slowly, the final washout arrives when even perennial bulls lose their “fight,” and only then does a durable low tend to form. “More....
Dogecoin is once again in the spotlight after analyst ETHERNASYONAL shared a new post on X about the coin’s next move. In his post, he shows that Dogecoin is now in its 3rd market cycle, and the pattern looks a lot like what happened before the last two big rallies. He says Dogecoin is moving in the same rhythm as before, showing signs that it could be getting ready for another substantial rise. But this time, he points out one big difference, the timing. According to him, history doesn’t really repeat itself; it just continues in rhythm. The setup looks the same, but the next move might....