Bitcoin — What’s Next?
Big Sunday report: everything you need to know
Today the
#ema 50 closed below its level for the third week in a row. That golden line had supported price during the 2020–2021 bull run. Closing below it is a clear sign we’ve entered a proper bear market.
Two weeks ago there was also a death cross, which is another sign of weakness. Despite weeks of selling pressure, overall market positioning is still balanced — longs and shorts are about equal — which is why price is moving sideways right now.
Why does this sideways phase matter?
Market makers hold price in one area for a while to build more downside liquidity. Sometimes they do fake pumps to create bullish sentiment and lure more buyers in.
This whole process stabilizes the market for them, traps traders, and gathers liquidity below the current price. Once enough liquidity is collected, the next big downside move happens.
Has the liquidity been collected yet?
In my view, not yet.
So, in the coming days and weeks price is more likely to trade in a sideways range between the current level and the EMA 50 (around $100,000).
The nearest big liquidity clusters are:
$77,000
$107,000
Interestingly the EMA 50 is also near $100,000, which makes a retest likely because we haven’t seen a retest after the breakdown.
A big downward move will happen eventually, but the market follows its script and won’t move until it’s ready. Right now it’s a boring sideways phase. By early 2026 there’s a strong chance price will be between $70,000 and $75,000.
Remember: markets don’t just go “down, down, then up.” Usually there’s a sharp drop, then a long sideways period, then a fake relief rally, and then lower lows follow.
I currently have a full short position from $115,000 to $125,000. I’m not interested in buying the dip right now. If the market gives a chance by moving up, I may place more short orders between $105,000 and $107,000.
Most liquidations are clustered around $97,000, which could get triggered in the coming days or weeks — and that’s necessary for the market’s next big downward step.
My first $90,000 target is already hit. Now I expect a sideways phase. I don’t think a sudden sharp drop will happen in the next few days. The
#market will first build more downside liquidity, and when the time is right the next leg down will begin — likely in early 2026.
There are no major calendar events right now. This is a boring phase. The first important event is the FOMC on
#december 10.
This is purely his personal opinion. It is not financial advice and neither I nor Bot Slish have to agree with it. Do your own research.
$BTC