Bitcoin Bearish Flag Is Still In Play, So Price Could Crash Again

bitcoinistPublished on 2026-04-13Last updated on 2026-04-13

Abstract

Crypto analyst Captain Faibik warns that despite Bitcoin's recent surge above $70,000 and a brief rally to $73,000, the market remains in a bearish trend. He suggests the current uptrend is temporary and driven by a liquidity grab, potentially peaking between $77,000-$78,000. Following this, a 20% correction could occur, pushing the price down to the $54,000-$56,000 range, which would establish a new cycle low below the current $60,000 support. While bearish on Bitcoin, the analyst remains optimistic about altcoins, allocating 30% of his funds there. He advises investors to wait for confirmation before making moves.

Crypto analyst Captain Faibik has announced that the Bitcoin price is still very much bearish despite the recovery. This comes after the market sentiment shifted as the Bitcoin price began to surge last week and then eventually claimed the $70,000 resistance, turning it into support again. Despite a lot of Bitcoin investors turning bullish off of this, the crypto analyst is still not convinced, believing that the current uptrend us actually only temporary.

Why The Bitcoin Price Is Still Bearish Despite Reaching $73,000

Last week, the Bitcoin price surged high, rising more than 5% and reaching $73,000 before meeting resistance. This has naturally led to more positive sentiment after weeks of negative sentiment, bringing a much-needed relief rally to investors who have suffered major losses.

Despite this, Captain Faibik does not believe that this calls for celebration and is instead choosing a very conservative stance. As for the current uptrend, the crypto analyst believes it could eventually continue, putting a possible peak right between $77,000 and $78,000 due to the liquidity there.

Other than this liquidity grab, there seems to be nothing else suggesting that the bitcoin price has turned bullish. Even after the push upward to get liquidity, the next direction is expected to be downward, triggering a possible 20% correction in this regard. This correction, as the analyst explains, could lead the price to push back into the $54,000-$56,000 area.

Source: X

If this trend does play out and the price does push this low, it could mean a new cycle low for the digital asset. This will erase the current cycle support, which still lies at $60,000. Nevertheless, the crypto analyst points this out as a possible play, saying that the bears are actually still in control of the Bitcoin price.

Despite being bearish on Bitcoin, the crypto analyst remains bullish on the altcoin market. He explains that while stabling most of his funds, a good chunk (30%) is currently sitting in the altcoin market, which the analyst expects to be be more bullish than Bitcoin from here. According to the analyst, investors need to be patient and wait for confirmation first before making a move.

BTC price still holding $70,000 support | Source: BTCUSD on Tradingview.com

Related Questions

QAccording to Captain Faibik, what is the potential peak price range for Bitcoin's current uptrend?

AThe potential peak price range for Bitcoin's current uptrend is between $77,000 and $78,000.

QWhat is the analyst's predicted potential correction for Bitcoin's price after the liquidity grab?

AThe analyst predicts a potential 20% correction, which could push the price back into the $54,000-$56,000 area.

QDespite being bearish on Bitcoin, what part of the crypto market does Captain Faibik remain bullish on?

ADespite being bearish on Bitcoin, Captain Faibik remains bullish on the altcoin market.

QWhat does the analyst suggest could be erased if the price corrects to the $54,000-$56,000 level?

AIf the price corrects to the $54,000-$56,000 level, it could erase the current cycle support, which lies at $60,000, and mark a new cycle low.

QWhat does the analyst advise investors to do before making a move in the current situation?

AThe analyst advises investors to be patient and wait for confirmation first before making a move.

Related Reads

Bitcoin Rally To Near $80K Fuels Sharp Sentiment Rebound Across Crypto Markets

Bitcoin's recent rally towards $80,000 has driven a significant rebound in crypto market sentiment, with the Fear & Greed Index jumping 14 points to 46—its highest level since January. Analysts note that over 300,000 BTC have shifted from short-term to long-term holders in the past month, signaling stronger investor conviction. However, the rally appears largely driven by perpetual futures speculation rather than spot market demand, raising concerns about sustainability. Retail participation also remains subdued, limiting further sentiment gains. While entities like Strategy (formerly MicroStrategy) continue accumulating BTC, weak spot interest could lead to a price correction if profit-taking occurs.

bitcoinist37m ago

Bitcoin Rally To Near $80K Fuels Sharp Sentiment Rebound Across Crypto Markets

bitcoinist37m ago

Intel Soars 20%, CPUs Return to Center Stage in the Agent Era

Intel's stock surged 20% after reporting exceptional Q1 2026 results, with revenue of $13.6 billion (up 7% YoY) and non-GAAP EPS of $0.29, beating expectations by 29x. The rebound is driven by the resurgence of CPUs in the AI era, particularly as workloads shift from training to inference and agent-based applications. Intel’s Data Center and AI (DCAI) division hit a record $5.1 billion in revenue, up 22% YoY, marking a U-shaped recovery since mid-2025. The growth is attributed to strong demand for Xeon 6 "Granite Rapids" processors and increased AI infrastructure refresh cycles. While NVIDIA and AMD dominated the AI training phase, Intel is benefiting from the focus on AI agents, where CPU performance becomes critical—accounting for 50-90% of workflow latency in agent orchestration. This shift, coupled with management changes and strategic refocus on CPUs (including canceling the Falcon Shores GPU project), has repositioned Intel. New CEO Lip-Bu Tan emphasized that CPUs are re-establishing themselves as essential infrastructure in the AI era.

marsbit59m ago

Intel Soars 20%, CPUs Return to Center Stage in the Agent Era

marsbit59m ago

DeepSeek V4 Finally Released, Breaking the Strongest Closed-Source Monopoly, Explicitly Partnering with Huawei Chips

DeepSeek AI has officially released DeepSeek-V4, available in two versions: the high-performance **DeepSeek-V4-Pro** (49B activated parameters, 1.6T total) and the more efficient **DeepSeek-V4-Flash** (13B activated parameters, 284B total). Both support a 1M context length, making long-context capability a baseline feature rather than a premium offering. The Pro version rivals top closed-source models in agent capabilities, world knowledge, and reasoning performance. It outperforms Claude Sonnet 4.5 in agentic coding and approaches Claude Opus 4.6 (non-thinking mode) in quality. The Flash version offers competitive performance at a lower cost, though it lags in highly complex tasks. A key technical innovation is a new attention mechanism that reduces computational and memory demands for long contexts. The models are optimized for agent frameworks like Claude Code and OpenClaw. API services are available with support for both OpenAI and Anthropic-style interfaces. DeepSeek also announced upcoming support for Huawei’s computing hardware in the second half of the year. The models are open-sourced on Hugging Face and ModelScope.

marsbit1h ago

DeepSeek V4 Finally Released, Breaking the Strongest Closed-Source Monopoly, Explicitly Partnering with Huawei Chips

marsbit1h ago

Tether Cooperates with U.S. Sanctions to Freeze $344 Million in USDT, Reigniting Debate Over Stablecoin 'One-Click Freeze Authority'

Tether, the issuer of USDT, has frozen over $344 million worth of USDT across two Tron blockchain addresses in its largest-ever single compliance action. The freeze was carried out on April 23 in coordination with the U.S. Office of Foreign Assets Control (OFAC) and other law enforcement agencies. The funds are suspected to be linked to sanctions evasion, criminal networks, or other illicit activities, though specific details were not disclosed. This action comes amid increased U.S. regulatory scrutiny, including sanctions against entities tied to Iran and Mexican drug cartels. Tether’s CEO, Paolo Ardoino, emphasized the company’s commitment to preventing illegal use of USDT, contrasting it with slower responses from competitors like Circle. To date, Tether has frozen over $4.4 billion in assets and collaborates with more than 340 law enforcement agencies across 65 countries. The move has reignited debate within the crypto community over the centralized "freeze authority" held by stablecoin issuers, challenging the notion that "your stablecoins are your own." Critics point to the built-in blacklist function in USDT’s smart contracts, which allows Tether to immobilize funds in targeted wallets, while proponents argue it enhances regulatory compliance and anti-money laundering efforts.

marsbit1h ago

Tether Cooperates with U.S. Sanctions to Freeze $344 Million in USDT, Reigniting Debate Over Stablecoin 'One-Click Freeze Authority'

marsbit1h ago

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

The article explores why the U.S. lacks large-scale consumer credit products like China's "Huabei" and "Jiebei," despite having a developed financial sector. Key reasons include: 1. **Structural Barriers**: A fragmented federal and state regulatory system, reinforced by post-2008 reforms like the Dodd-Frank Act, raises compliance costs and protects traditional banks, stifling fintech innovation. 2. **Credit Card Dominance**: Credit cards, used by 70-80% of adults, form a $1.28 trillion debt market with high APRs (avg. 22.3%). This system cross-subsidizes users who pay in full with those carrying balances, creating a predatory yet entrenched ecosystem. 3. **Data Privacy Laws**: Strict regulations (e.g., FCRA, CCPA) prevent tech giants from leveraging behavioral data for credit scoring, unlike in China where such data fuels fintech models. 4. **Capital Market Disincentives**: Wall Street penalizes tech firms entering finance due to lower valuations associated with heavy regulation and risk, as seen in Apple’s failure with Apple Card. 5. **Banking Oligopoly**: Major banks control consumer lending, leveraging lobbying power and consumer habits to maintain high-cost credit, while alternatives like payday loans (400% APR) or "unbanked" services remain niche or exploitative. Ultimately, regulatory, structural, and corporate interests collectively block the emergence of accessible, low-cost digital lending in the U.S.

Odaily星球日报1h ago

Why Hasn't the U.S. Seen the Rise of 'Huabei' or 'Jiebei'?

Odaily星球日报1h ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片

Top Questions