Ah, October! The month of spooky ghosts, pumpkin pies, and… Bitcoin’s wobbly knees? 🦴 Yes, you heard it right, dear reader. While October usually puts a spring in Bitcoin’s step, this year it’s tripping over its own blockchain. So far, the price is down 1.13%, and traders are clutching their ledgers like they’re about to fall off a cliff. 🌋
Enter Captain Faibik, the crypto analyst with a name that sounds like a pirate but talks like a prophet. ⚓ He’s waving his hands frantically, shouting that this isn’t just a hiccup-it’s the beginning of a major correction! Late buyers, beware! You might just find yourselves trapped in a digital dungeon, while the big fish swim away with their treasure. 🤑
Bitcoin’s Wobbly Wedge of Doom
According to Faibik, last week’s selloff wasn’t just a tiny sneeze in the crypto world. Oh no, it was the first rumble of a mighty earthquake! 🌍 Large players, those sneaky whales, are dumping their holdings near the market tops, leaving the minnows to fend for themselves. Looking at the weekly chart, Bitcoin is stuck in a rising wedge pattern-a shape so sinister, it often spells “reversal” in big, bold letters. For now, the bulls are still charging, but their horns are looking a bit dull. 🐂💤
The real fright? Once that lower support line cracks, the bulls might as well pack their bags and head for the hills. A wave of selling could follow, sending Bitcoin’s value tumbling faster than a toddler on a trampoline. 🪂
Faibik’s advice? If you’re a new investor, you might want to keep your life jacket handy. The big players are already eyeing the lifeboats. 🛳️
October 24: The Day the Bull Said “Enough!”
Faibik’s doom-and-gloom predictions are echoed by CryptoBirb, a trader so seasoned he probably has salt and pepper in his keyboard. 🧂 He claims this Bitcoin rally is 99.3% done, with just 10 days left before the party ends. According to his “Cycle Peak Countdown” model, October 24 is the day the bull decides to take a nap-and it might not wake up anytime soon. 😴
Why? Well, it’s been 1,058 days since Bitcoin’s last major bottom, and this bull run is running out of steam faster than a cheap toy train. 🛤️
ETFs: The Canary in the Crypto Mine
As if that weren’t enough, the spot Bitcoin ETF market is acting like a canary in a coal mine-and it’s looking a bit peaky. 🦜 Just recently, outflows have spiked like a fever. On October 13th, Bitcoin ETFs saw a whopping $326 million exit stage left. Even BlackRock, the Goliath of the financial world, recorded an outflow of $30.8 million. That’s right, even the big boys are getting cold feet. 🥶
What does this mean for retail traders? Well, if the institutions are jumping ship, you might want to ask yourself: “Am I the captain, or am I the cargo?” 🚢
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2025-10-15 12:48