Bitcoin (BTC) Price May Be in Trouble as Bearish Pattern Returns

Crypto analyst Kevin Capital has suggested that the Bitcoin price may be in trouble. This follows his revelation that a bearish pattern that once led to a market

Bitcoin price analysis reveals a bearish divergence pattern emerging, sparking concerns among crypto analysts. However, some analysts remain optimistic, predicting significant rallies for BTC in the coming months.

Bitcoin price analysis reveals a bearish divergence pattern emerging, which has analysts worried. Others are predicting large rallies for BTC in the coming months. Let’s review the latest BTC price analysis from renowned crypto analysts and see what the future holds for the flagship cryptocurrency.

Bitcoin price analysis: Bearish divergence pattern returns

In a recent X post, Kevin Capital revealed that a bearish divergence pattern, which led to a market crash in the last cycle, has returned for the Bitcoin price. He highlighted how concerning this pattern is, noting that the only chart that keeps him up at night is the bearish divergence on the weekly time frame for BTC.

Bearish Divergence That Led To Market Crash Returns For Bitcoin Price | BTCUSD on TradingView

Related Reading: Is The Crypto Market ‘Satiated’ For Now? Analysts Say Bitcoin Will Continue Sideways Move

He noted how this pattern formed for the Bitcoin price at the same time it did in the last cycle, causing a big dip back then. However, the crypto analyst then alluded to what happened after the market crash as BTC recovered following this period. As such, he suggested that there was no need to be worried although he advised market participants to prepare through it if this bearish pattern plays out this way.

Bitcoin price analysis: BTC’s mark-up phase begins

Amid the revelation of the bearish pattern, crypto analyst Titan of Crypto provided some optimism for the Bitcoin price. In an X post, he stated that BTC’s mark-up phase is beginning and that the short consolidation appears to be wrapping up. His accompanying chart showed that BTC could rally to as high as $117,000 next.

BTC Price Analysis: Mark Up Beginning –を目指す人たちへ！ᏟᎡＹＰＴＯvaluers / VALUERS CRYPTO | BTCUSD on TradingView

Related Reading: Analyst Explains Bitcoin’s Path To $150,000 – Details

Bitcoin price analysis: Ascending phase after cup-and-handle formation

Crypto analyst CobraVanguard also provided a bullish outlook for the Bitcoin price. He stated that BTC has entered an ascending phase after its cup-and-handle formation at $105,000. He predicted that the flagship crypto could rally to as high as $123,000 following the formation of this bullish pattern. The crypto analyst also predicted that BTC could top around $260,000 in this market cycle.

Bitcoin price analysis: Good monthly close invalidates shooting star

The January monthly close has provided a bullish outlook for the Bitcoin price. In an X post, crypto analyst Mikybull Crypto noted that the good monthly close has invalidated the shooting star candle. He added that the cycle top is not in yet based on this. His accompanying chart showed that BTC could rally to $144,129 soon enough.

Bitcoin Price Analysis: Monthly Close (bullish) –を目指す人たちへ！ᏟᎡＹＰＴＯvaluers / VALUERS CRYPTO | BTCUSD on TradingView

Prior to the monthly close in January, Titan of Crypto mentioned that the Bitcoin price looks strong on the monthly chart from an Ichimoku perspective. He added that the price is holding above all lines, with both the lines and Kumo cloud trending upward. There is also a lot of optimism heading into February, as this month is historically bullish for the crypto market.

At the time of writing, the Bitcoin price is trading at around $102,400, down over 2% in the last 24 hours, according to data from CoinMarketCap.