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As Bitcoin (BTC) continues to enjoy an extended stint above the crucial $110,000 support zone, technical indicators are flashing warning signs.  This comes as Bitcoin retreated further from the $120,000 resistance level amid a broader cryptocurrency market downturn. Looking at the price outlook, the asset’s weekly Relative Strength Index (RSI) has dropped below the 14-week Simple Moving Average (SMA), a pattern that has historically signaled downturns in Bitcoin’s price, according to an Analysis by cryptocurrency trading expert Ali Martinez posted on August 6. Bitcoin price analysis. Source: TradingView Notably, in June 2024, a similar RSI breakdown preceded a nearly 23% decline, while another instance in December 2024 saw Bitcoin fall more than 25%. The same signal has now reappeared in early August 2025, with Bitcoin trading around $113,000. According to Martinez, if history repeats, Bitcoin could fall between 20% and 30% from its recent highs, placing a...

Bitcoin (BTC) continues to reject key resistance levels, with a cryptocurrency analyst warning that the asset will likely crash below $90,000 based on the technical setup. Specifically, Bitcoin is forming a potential head-and-shoulders on the hourly timeframe, a classic bearish technical pattern, according to cryptocurrency on-chain expert Ali Martinez in a post on X on December 3. Notably, the pattern is marked by a peak (the head) flanked by two lower peaks (the shoulders), and it has historically signaled a price reversal. Picks for you What’s next for Terra Classic after LUNC’s 80% rally 23 mins ago Uranium.io, a uranium trading dApp powered by Tezos, goes live 37 mins ago ...