{"id":47563,"date":"2025-07-23T11:20:05","date_gmt":"2025-07-23T11:20:05","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=47563"},"modified":"2025-07-23T11:24:08","modified_gmt":"2025-07-23T11:24:08","slug":"bitcoin-has-formed-a-bearish-pattern-whats-next","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-has-formed-a-bearish-pattern-whats-next\/","title":{"rendered":"Bitcoin has formed a bearish pattern. What&#8217;s next?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Bitcoin has shown several technical signals in recent days that point to a possible short-term market cooling. Although the long-term trend remains upward, there are signs of overheating and potential for correction.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Signs of exhaustion and an overheated market<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin has formed a bearish engulfing pattern on the daily chart, confirming the previous shooting star pattern. Combined with a 19% rise over the last three weeks, these signals indicate possible short-term exhaustion. According to <a href=\"https:\/\/hyblockcapital.com\/\">Hyblock Capital<\/a>, open interest in the futures market has reached levels close to historical highs, which is typically a warning sign of a correction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another worrying indicator is the Miners Position Index (MPI), which has risen to its highest level since November 2024. Miners have started to transfer bitcoins to <a href=\"https:\/\/crypto-globe.com\/en\/coinbase-exchange-returns-to-profit-after-two-years-thanks-to-interest-in-cryptocurrencies\/\" target=\"_blank\" rel=\"noopener\" title=\"\">exchanges<\/a> on a larger scale, which usually means profit-taking. A similar trend is confirmed by the total volume of realized profits, which reached a record USD 9.29 billion. This is also contributed to by extremely high sentiment, as shown by the Fear &amp; Greed Index, which is currently at the &#8220;extreme greed&#8221; level.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Consolidation and room for further growth<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Despite increased selling pressure, <a href=\"https:\/\/crypto-globe.com\/en\/bitcoin-has-become-the-fifth-largest-asset-in-the-world\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Bitcoin<\/a> is managing to hold steady in the $112,000\u2013118,000 range, where, according to data from Axel Adler Jr., there has been significant accumulation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Investors have bought over 196,600 BTC here, indicating strong confidence in the continuation of the bullish trend. As long as the price remains above $112,000, the technical structure of the market remains intact. From an on-chain analysis perspective, the market is not showing signs of euphoria yet.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NUPL (Net Unrealized Profit\/Loss) metric, which tracks the ratio of unrealized gains to losses, remains below the values typical for cycle peaks. This means that the <a href=\"https:\/\/trader-magazine.com\/news\/apple-and-meta-fined-by-the-european-commission-for-breaching-digital-market-rules\/\" target=\"_blank\" rel=\"noopener\" title=\"\">market&#8217;s<\/a> growth potential has not yet been exhausted and the current consolidation may be a healthy pause before the next impulse towards new highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has shown several technical signals in recent days that point to a possible short-term market cooling. Although the long-term trend remains upward, there are signs of overheating and potential for correction. Signs of exhaustion and an overheated market Bitcoin has formed a bearish engulfing pattern on the daily chart, confirming the previous shooting star [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":47556,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,93],"class_list":["post-47563","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptocurrencies"],"aioseo_notices":[],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"aioseo_meta":{"seo_title":"Bitcoin has formed a bearish pattern #separator_sa #site_title","meta_description":"Bitcoin has shown several technical signals in recent days that indicate a possible short-term cooling of the market. However, the long-term trend remains...","focus_keyword":""},"_links":{"self":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/47563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/comments?post=47563"}],"version-history":[{"count":1,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/47563\/revisions"}],"predecessor-version":[{"id":47564,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/posts\/47563\/revisions\/47564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media\/47556"}],"wp:attachment":[{"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/media?parent=47563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/categories?post=47563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-globe.com\/en\/wp-json\/wp\/v2\/tags?post=47563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}