2021-6-10 16:01 |
The odds are on for a continuation to $40,000, Mike McGlone argues, but not everyone is so sure.
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Chartered Market Technician (CMT) Tony “The Bull” Severino argues that Bitcoin’s most dependable macro tell—the copper-to-gold ratio—has broken character at the very moment the market typically enters a parabolic phase, leaving the post-halving script in disarray and altcoins without their usual rotation.
Bitcoin’s technical structure remains decisively negative and will stay that way “until” a key resistance level is reclaimed, according to veteran analyst Josh Olszewicz in his latest video published today.
Bitcoin is sitting on a technical ledge that could decide whether price makes a new all-time high or unwinds sharply into the $80,000s, according to veteran trader Josh Olszewicz (CarpeNoctom). “BTC complex iHS brewing in the megaphone,” he posted on October 30, 2025, adding in a follow-up: “Also this brewing, not great.
A widely shared seasonality snapshot is making the rounds ahead of month-end: a Coinglass heat map of Bitcoin’s monthly returns, reposted by trader Daan Crypto Trades. The table spans 2013–2025 and shows November as the statistical outlier in Bitcoin’s calendar—both for eye-popping gains and for sharp drawdowns in certain years.
The macro calendar is stacked in a way that crypto hasn’t seen in months, with monetary policy, geopolitics and Washington dysfunction converging into a single five-day window that also includes megacap tech earnings and the monthly candle close for Bitcoin on Friday.
Bitcoin hovered near the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered’s global head of digital assets research Geoffrey Kendrick warned that a move below $100,000 by this weekend “seems inevitable”—while adding that any break could be fleeting the last last time bitcoin is ever below six figures.
Veteran chartist Peter Brandt ignited a fresh technical debate on X after publishing two annotated charts—one of today’s Bitcoin daily bars, the other of Chicago Board of Trade soybeans from 1977—arguing that the cryptocurrency may be carving out a broadening top akin to the historical commodity pattern that preceded a 50% collapse.