Bitcoin’s Bumpy Ride: Is a Repeat of the 2018 Bear Market in Sight?
Bitcoin’s New Trend: Déjà Vu?
Oh boy, Bitcoin might just be pulling a fast one on us again! According to our buddy Osemka, it seems Bitcoin is crafting a bottoming structure—think of it as a scenario similar to what we saw at the tail end of the notorious 2018 bear market. After diving into some past macro lows, Osemka thinks this time around, Bitcoin’s moves are less about the 2022 cycle and more about a descending pattern that preceded BTC’s price shenanigans in 2019.
What’s Cooking Below $60,000?
There’s a lot of chatter about Bitcoin’s current price hanging around the $65,000 mark, which is effectively around half the value from its wild ride to $126,080 back in October 2025. This hefty drop has already thrown BTC into bearish territory. Add in the fact that investors are sweating bullets with extreme fear vibes swirling around, and you’ve got a pretty juicy situation.
Osemka’s Analysis: A Trip Down Memory Lane
Osemka took to X (yes, the one formerly known as Twitter) to share some juicy insights. After analyzing major macro lows, it looks like Bitcoin’s current setup is more reminiscent of that grim 2018 bear market than the 2022 fiasco. The chart shows a descending pattern connected by a sinking blue trendline, marking successive lower highs that Bitcoin has been drumming up.
The Waiting Game of Liquidation
Now, here’s where it gets interesting: according to Osemka, we might see Bitcoin tangoing with a liquidity sweep just below the fabled $60,000 mark. But what does this mean? Essentially, we could be on the lookout for Bitcoin to dip below that level, gobbling up some sell-side liquidity before deciding to chill out for a while. The analyst is all about the patience game, so grab your popcorn!
3D Bullish Divergence: What’s That?
Let’s not forget about the technical stuff; there’s talk of a 3D bullish divergence in the charts. This fancy term means that while Bitcoin is hitting lower lows on various time frames, some momentum indicators like RSI and MACD are showing a higher low. It’s like Bitcoin is playing a game of limbo where it’s saying, “How low can you go?” while the indicators are shouting, “Not too low, buddy!”
What’s Next: Fear Factor?
As the clock ticks, Bitcoin is hovering around $65,100, only a mere 7.8% away from that concerning $60,000 threshold. This precarious situation grows riskier every day, especially with the fear and greed index plunging to an all-time low of 11. To sweeten the pot, US Spot Bitcoin ETFs have shown signs of distress, with persistent outflows marking five straight weeks of net withdrawals. Yikes!
Final Thoughts: Stay Tuned!
So, there you have it! Will Bitcoin stage a dramatic comeback or find itself in a tight squeeze? Only time will tell, but one thing’s for sure—the crypto world is never short of surprises. Buckle up, folks!