Bitcoin is trading with a bearish bias, falling around 1.6% over the past 24 0 the moment, it’s around $121,639 as traders grew cautious following a key sell signal flashing on the daily chart. Overall, the trading sentiment appears to have turned bearish, as the TD Sequential indicator, historically reliable for timing corrections, has reappeared, raising fears of a potential short-term 1 analyst Ali (@ali_charts) noted that similar signals earlier this year led to notable declines: A 7% dip in mid-July following the first alert. A 13% drop in mid-August after the next 2 pattern suggests a possible cooling phase ahead, though many traders see it as part of a larger, still-intact uptrend.
Bitcoin’s overall structure remains supported by institutional inflows and strong technical foundations, with critical support zones near $122,000 and $116,700 holding firm so 3 Psychology Mirrors Past Cycles According to trader @ KillaXBT , the emotional setup in today’s market is nearly identical to the 2022–2023 bear market bottom — only 4 then, investors were afraid to buy near $16,000–$20,000. Now, that same collective psychology has flipped, as traders hesitate to sell during what could be the cycle’s euphoric peak. “The market’s only real edge is human emotion,” Killa wrote. “It doesn’t need to outsmart anyone — it just waits for you to outsmart yourself.” Unpopular Opinion $BTC The same collective psychology that drove behavior at bear market lows is playing out again, only in 5 now sits in the same emotional and structural position it did around 16 to 20K, just flipped upside 6 here carries the same… — Killa (@KillaXBT) October 9, 2025 That sentiment captures the paradox many investors face: fear of missing out on further gains versus fear of holding through another 7 historically, such hesitation often precedes periods of volatility rather than prolonged 8 Technical Setup: Triangle Nearing Resolution Bitcoin’s price action remains within a narrow band between $119,500 and $122,500, forming a short-term symmetrical 9 4-hour chart highlights the 38.2% Fibonacci retracement level near $119,520 as a critical support zone, with the 50-period SMA at $122,365 providing overhead 10 indicators suggest 11 RSI sits near 47, reflecting neutral sentiment, while the MACD histogram shows contracting bearish 12 Price Chart –) October 9, 2025 For now, Bitcoin’s consolidation looks more like preparation than exhaustion.
A decisive move above $126,200 could ignite another rally toward $130,000, while institutional liquidity and ETF inflows continue to support long-term optimism heading into Q4 13 Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its goal is to expand the BTC ecosystem by enabling lightning-fast, low-cost smart contracts, decentralized apps, and even meme coin 14 combining BTC’s unmatched security with Solana’s high-performance framework, the project opens the door to entirely new use cases, including seamless BTC bridging and scalable dApp 15 team has put strong emphasis on trust and scalability, with the project audited by Consult to give investors confidence in its 16 is building 17 presale has already crossed $23 million, leaving only a limited allocation still 18 today’s stage, HYPER tokens are priced at just $0.013095—but that figure will increase as the presale 19 can buy HYPER tokens on the official Bitcoin Hyper website using crypto or a bank 20 Here to Participate in the Presale
Story Tags

Latest news and analysis from cryptonews