Bitcoin down 26% since top, charts confirm lower highs and the market faces a potential slide to $70K

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Bitcoin is still in a downtrend, still making lower highs/lower lows and still warning the entire market but most traders won’t recognize it until it’s 30% lower.

Yes, #Bitcoin may push toward $97–$100K. That lower high is still on the table. But none of that changes the thesis going into January. A counter trend rally doesn’t reverse a bearish structure. When that lower high completes, #Bitcoin is setting up for a move toward $70K.

My SuperTrend and weekly signal line have nailed every leg of this move. Bitcoin is already down 26% since my SuperTrend flipped red. 23% since my signal line flipped. My team and I flipped bearish at $110K. It’s all timestamped in the lower post when I called for a top on Bitcoin. I am just following mathematically based indicators that haven’t missed a major turn all year.

And history is repeating itself in plain sight.

#Bitcoin always leads the way down. It led the unwind in 2021 before tech collapsed. It led the flush in 2022 before the indices cracked. It led the rollover in 2024 while equities were still squeezing. Every cycle. Every correction. Every time.

That’s another reason why I believe the stock market is about to play catch up. Even if the S&P pushes slightly higher, the structure is still distribution and the perma bulls will be left holding the bag toward $600. The same way the crypto moon boys will load #Bitcoin at $97–$100K right before it unwinds to $70K.

My signals remain bearish. My thesis remains unchanged. And until the weekly signal line and SuperTrend flip bullish, there is zero evidence the bottom is in.

The four year cycle is over. The downtrend is intact. And January is where everything converges. It’s important to stay objective, stay with the math because the signals have been on point.

#Bitcoin $BTC #Crypto #SP500 $SPY #Nasdaq #Trading