Bitcoin is trading in a fragile state after slipping under $90,000 and now within the mid-$80,000s. This worth motion has induced some analysts to grapple with the likelihood that the following main rally could also be further away than many expect.
A latest technical outlook from outstanding crypto analyst Tony “The Bull” Severino provides weight to this concern. His analysis focuses on the 6-week LMACD momentum indicator, which has simply crossed bearish for the primary time in years.
Associated Studying
Momentum Turns Towards Bitcoin On The 6-Week LMACD
The technical outlook highlights a robust warning from Severino, who argues that Bitcoin is nowhere close to staging the form of explosive restoration many are ready for.
Severino’s message revolves round momentum, which he says is now firmly pointed downward. The momentum is cited utilizing the latest crossover on the 6-week LMACD, which is thought for its decisive crossovers that affirm long-term development adjustments.
The 6-week LMACD is a lagging sign, which means that by the point it flips bearish, Bitcoin is already nicely right into a downturn. The chart confirms this with a number of examples: Bitcoin entered prolonged pink phases lasting 812 days, 861 days, and 686 days following earlier bearish crossovers.
As a result of the sign lags worth motion, Bitcoin usually bottoms lengthy after the crossover happens. Severino famous that bear-market lows at all times seem between 250 and 12 months after the bearish flip, not inside just a few weeks. Subsequently, merchants anticipating a backside solely 40 days after the brand new sign are ignoring how constantly gradual this indicator behaves.
The chart additionally highlights how extreme every downturn turns into as soon as the LMACD flips bearish. Earlier cycles noticed drawdowns of roughly 69% to 75% from the second the cross occurred, despite the fact that Bitcoin had already fallen considerably earlier than the indicator flashed.
Please take note of this put up if you wish to perceive why Bitcoin is very unlikely to immediately spring again right into a bull run
One phrase: Momentum
The 6-week LMACD has a number of the cleanest crossovers representing pivotal development change affirmation factors. The sign lags,… pic.twitter.com/mq9uR2Fqec
— Tony “The Bull” Severino, CMT (@TonyTheBullCMT) November 22, 2025
A Doable Lengthy Highway Earlier than Any Vital Restoration
Though the LMACD signal just crossed bearish, the present crossover continues to be unconfirmed for an additional 15 days, and the resemblance to previous cycles is one thing to remember.
Severino famous that he’s not predicting the top of Bitcoin’s long-term prospects, however he’s urging merchants to stop expecting rapid upside. Previous habits doesn’t assure the identical outcomes, and there’s no certainty that Bitcoin will drop one other 70% from right here like earlier cycles.
Associated Studying
The 6-week LMACD is a high-timeframe sign, and the shifts it captures replicate deep structural developments somewhat than short-term fluctuations. This implies Bitcoin might nonetheless be months away from its true cycle bottom.
On the time of writing, Bitcoin is buying and selling at $85,670, down by 11% and 23% prior to now seven and 30 days, respectively. Severino’s evaluation signifies that the Bitcoin worth might spend a chronic interval hovering round these ranges or experience a further decline earlier than any significant restoration into a brand new bull part begins.
Featured picture from See The Wild, chart from TradingView
