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<p>The price of Bitcoin has been reaching new highs consistently, with a 30% price increase in the past week. This has caught the attention of investors who see the coin continuing to rise, with many hoping to see the price hit $100,000 soon.</p>
<p>However, top analyst Ali is observing something different for the coin, with new metrics emerging.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/aptos-apt-price-ready-to-fly-key-levels-signal-a-major-breakout-ahead/" target="_blank" rel="noopener noreferrer nofollow">Aptos (APT) Price Ready to Fly? Key Levels Signal a Major Breakout Ahead!</a></em></strong></p>
<p>In a recent analysis, Ali shared insights on the <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">current state of Bitcoin</a>, emphasizing that while there is notable retail interest driving potential capital inflows, caution is warranted.</p>
<p><a href="https://x.com/ali_charts/status/1856255277999227043" target="_blank" rel="noopener noreferrer nofollow">He pointed out</a> that spikes in search trends for Bitcoin have historically been associated with price declines. Referring to 2021, he noted that significant surges in search interest coincided with corrections of 30%, 26%, 27%, and even 50%.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/worldcoin-wld-price-could-hit-4-soon-analyst-says-its-a-good-looking-chart/" target="_blank" rel="noopener noreferrer nofollow">Worldcoin (WLD) Price Could Hit $4 Soon – Analyst Says It’s a ‘Good Looking Chart!’</a></em></strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="818" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-1024x818.png" alt="" class="wp-image-581903" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-1024x818.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-300x240.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-768x613.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-1536x1227.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-2048x1635.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-188x150.png 188w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-100x80.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-438x350.png 438w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420-788x629.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-420.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>This suggests that despite the positive signals from retail engagement, the market may be due for a retracement of up to 50% from its current levels.</p>
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<p>The post <a href="https://captainaltcoin.com/consistently-bearish-bitcoin-metrics-resurface-signaling-potential-50-btc-price-retracement/" rel="noopener noreferrer nofollow">Consistently Bearish Bitcoin Metrics Resurface, Signaling Potential 50% BTC Price Retracement</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Consistently Bearish Bitcoin Metrics Resurface, Signaling Potential 50% BTC Price Retracement

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