Yes

>>Bitcoin develops a descending pattern that pushed the market to its 2018 bear‑low.

Bitcoin develops a descending pattern that pushed the market to its 2018 bear‑low.

crypthub

about 1 hour ago

Descending Structure Indicates Bear Bottom

Bitcoin trades near $65,000, about half its October 2025 peak, and has entered clear bearish territory. Analyst Osemka notes the current chart mirrors the 2018 bear‑market bottom more closely than the 2022 decline. A falling resistance line links successive lower highs, keeping price below the descending trendline. This pattern suggests a gradual bleed before a decisive move downwards.

Potential Liquidity Sweep Near $60,000

The analyst predicts a brief dip below $60,000 to absorb lingering sell‑side liquidity. A dotted horizontal line marks this downside target where resting orders may sit. If the sweep occurs, it would complete the descending structure seen in 2018. Osemka urges patience, as the market may linger before the sweep triggers.

Bullish Divergence and Market Sentiment

A three‑day bullish divergence is forming: Bitcoin makes lower lows while momentum indicators post higher lows. The cryptocurrency is only about 7.8% away from the $60,000 level. Fear dominates, with the fear‑greed index at an extreme 11 and US Spot Bitcoin ETFs recording five consecutive weeks of net withdrawals, underscoring downside pressure.