$BTC: Bear Posting the Lows & Higher Timeframe Concerns on the Weekly Chart.
I am seeing a loss of momentum that began in March 2024 around the 72K highs.
If I categorize each upward leg that BTC has formed since the 15K bottom by each concluding with a downward consolidation I can identify three main legs/impulses:
First leg: 15 → 72K from Nov 2022 to March 2024
Second leg: 50 → 108K, from September 2024 to December 2025.
Third leg: 75 → 125k from April 2025 to October 2025.
Recently, impulsive moves have tended to peak after the third leg, so this is a big warning sign for me.
Additionally, this latest push upward marks the first time momentum given hints of slowing, with price action forming a rounded-like top. This is perhaps the most concerning part to me, as it suggests that the structure may be changing.
I've had these thoughts and concerns for a while and I would much rather we continue upwards but sometimes we don't get what we want.
$BTC: Consolidating after 10 days of up only so as long as $119k holds, it gives me hope that we can continue trending higher into EOY.
Alts died today as $BTC.D is up so a deeper correction isn't needed imo (there was no froth anyways).
It's of concern that $BTC and the crypto markets are performing so poorly relative to the metals and stocks but I remember this period of underperformance happening the past 2 years as well and eventually it turned around.