- BTC bottom at $95K-$91K amid macro flush, urging USD accumulation for the post-dip bullish wave to $120K+.
- Chart’s ascending channel breach aligns with Fib retracements and prior supports, echoing 2021’s capitulation-to-rally pattern.
- With ETF inflows at $50B+ and HODL metrics strong, Bitcoin’s $2T cap braces for volatility but eyes dominance in 2025’s thaw.
Bitcoin’s 2025 bull run has been a rollercoaster of euphoric highs and stomach-churning corrections, but as we hit October 18 with BTC hovering near $102,000, veteran trader @CryptoTony is sounding the alarm on an imminent “wave down.” In his latest macro update on X, Tony sketches a precarious path: if Bitcoin etches a bottom around $95,000, it could probe even lower to the $91,000 region before flipping the script to bullish. “Have your USD ready,” he cautions—a clarion call for dip-buyers to load up amid the fear.
The accompanying chart, a TradingView masterpiece, lays it bare. BTC’s parabolic ascent from $60K post-halving has formed a textbook ascending channel, but recent selling pressure—fueled by U.S. government shutdown jitters and ETF profit-taking—has breached the lower trendline. Orange arrows pinpoint the downside targets: $95K as the initial support (aligning with the 0.618 Fibonacci retracement from the $108K ATH), and $91K as the psychological floor, coinciding with prior consolidation zones from July. A red “X” marks the current peril zone, while a green up-arrow teases the rebound, projecting a measured move back to $120K+ if the pattern holds.
This isn’t baseless fear-mongering. Macro headwinds are real: the ongoing shutdown, now in week three, has sidelined SEC ETF decisions and spooked institutions, per Bloomberg reports. Fed rate cut delays amid sticky inflation add torque to the downside. Yet, Tony’s thesis hinges on history’s rhyme—recall the 2021 flush from $64K to $47K that birthed the bull leg to $69K. With on-chain metrics flashing resilience—HODL waves at multi-year highs and miner capitulation bottoming—$91K could indeed be the flush before the gush.
Fundamentals remain unassailable. Spot Bitcoin ETFs have amassed $50B+ AUM since January, institutional adoption via BlackRock and Fidelity surges, and nation-state buying (think MicroStrategy’s endless stack) underpins scarcity. At a $2 trillion market cap, BTC’s dominance at 58% suggests alts will follow once the king stabilizes.
For traders, confirmation lies in volume: a spike on the dip with RSI divergence below 40. Bears may feast short-term, but Tony’s macro lens screams opportunity. As Bitcoin tests these levels, USD in hand isn’t caution—it’s conviction. The wave down? Just the setup for the tidal bullish surge ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
