Bitcoin News
By Julie Binoche
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Conflicting Views on Support Levels. Not everyone's that bearish, though. Ted Pillows sees things differently.
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Historical Patterns vs. Immediate Price Action. Merlijn's whole thesis rests on cycles repeating. He's traced Bitcoin's mid-cycle behavior and…
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Bitcoin's riding high above $78,000 right now. But one trader thinks that's basically the top for this cycle—and he's got receipts from past May meltdowns to back it up.
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Merlijn The Trader dropped a chart showing Bitcoin peaked in May three times before: 2014, 2018, and 2022. Each time, the coin tanked hard. We're talking 61%, 65%, and 66% drops.
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Not everyone's that bearish, though. Ted Pillows sees things differently. He's watching $75,000 as strong support and thinks Bitcoin could actually rip higher if it cracks the…
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But Pillows isn't ignoring the downside. If Bitcoin can't punch through that resistance, he warns it could slide back to $70,000. Maybe even $66,318 if things get ugly.
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The contrast's pretty stark. Merlijn's looking at years of data and seeing a pattern that repeats like clockwork.
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Merlijn's whole thesis rests on cycles repeating. He's traced Bitcoin's mid-cycle behavior and found May keeps showing up as a danger zone.
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His chart's got all three prior May peaks marked out, with the subsequent drops lined up side by side. The consistency's kind of eerie.
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Pillows doesn't care much about what happened seven or eleven years ago. He's focused on the resistance zone right in front of us.
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On the flip side, failing at resistance again would confirm sellers are still in control at these levels.
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Related: Bitcoin Eyes $80K as Spot Volumes Surge and Futures Traders Bet Big
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The thing is, both analysts are basically saying the same thing: the next move matters a lot. Merlijn thinks the move's already decided—down, hard, soon.
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Neither guy's offering guarantees. Merlijn's pattern could break this time. Maybe institutional money or ETF inflows change the game enough that May 2025 doesn't play out like…
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What's clear is that $78,000 to $80,000 is the line in the sand. Bitcoin's been hovering around there for days, and volume's starting to dry up.
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