BITCOIN: This Is Why It’s Dumping! (bad news) - BTC Price Prediction Today

Added: 2026-05-23

[00:00:03]Yo, welcome everyone. Bitcoin is now getting a major push down, breaking some super important levels. Be very careful right now and let me show you why. Now first you will see for the past few days we have been talking about our horizontal range and now clearly Bitcoin is breaking the bottom of our range one of the most important support levels straight towards downside. For now I definitely do remain in both of my short trades on Bitcoin and also on Ethereum.

[00:00:36]Remember in the past videos I was saying to you I'm very much interested to also fire another long or a buy trade at this specific area if we are going to be able to get a reaction back towards the upside closing the candle above the recent low. Now clearly you can right to see this did not happen. Bitcoin for sure hit the bottom of the range. We hit our daily high time frame area of support that of course was also aligning beautifully with another level. We were going with the anchored view up and anchoring it exactly at this specific low aligning beautifully with the daily and the bottom of the range. So of course if there would be a reaction back towards the upside, I would be much more than interested to also fire another long orbine trade. But clearly this did not happen. We got right here a literal straight push towards upside breaking all of our important support levels. Not only that, right now with the entire push down, a lot of people are ranked to getting liquidated, paying attention to the past 24-hour liquidations. Look right now how many long positions have gotten wiped out. Almost 900 million of long positions completely wrecked and completely liquidated, which technically speaking, it is going to be some kind of a bullish Bitcoin indication. Usually more people that get wrecked the higher probability we are actually going to get right here some kind of a reversal back towards the opposite. But the reality right also is Bitcoin with this entire push towards some side. It is showing some kind of a bearish indication and quite a significant sign of weakness. We are right to go to go right here with a fixed range volume profile measuring the entire bottom price action where you can run to see we actually got also the daily candle close below the value area high and usually this right here is definitely a red flag. Yes, also current daily candle it is still being below the value area high and the theory of our volume here is very very simple. If we do get right here the acceptance back below the value area high bearish indication and in this scenario the next theoretical target is going to be the value area low. Now to be honest this right here is not my first target that I'm right to paying attention to later in the video. I want to show you what is the first next support level that we could potentially look to fire another long or buy position at. But I'm going to explain to you exactly what I'm paying attention to before I fire a long trade. Nevertheless, technically speaking, right now, getting an acceptance below the value area high right here is a major red flag. Now, at what level are we trading as right now?

[00:03:17]Because zooming in, let's just say on the 4hour time frame, you can see that Bitcoin only a few minutes ago has actually taken the liquidity below this specific low. And also, we are round to breaking this specific low. So, clearly right now, we are taking the liquidity below to a significant low here at approximately $75,000 US area. Later in the video, I'm going to show you exactly where we do have another liquidity level. But very simply, if there is right now going to be another push towards the upside, Bitcoin starts closing the candles above the recent lows, it could be the first sign of strength. But right now, clearly, unfortunately, we are not getting this.

[00:03:55]We broke our liquidity levels as well, and Bitcoin simply right here does continue lower. But why in my opinion, the bottom might be coming in very, very soon. Let's go on the 4hour time frame.

[00:04:06]Let's go right here with the relative strength index or the RSI and also manif indicator where you're going to see the RSI indicator is being deeply in the oversold area. Last time we were so deep with the RSI was literally when Bitcoin started collapsing back down from approximately $97,000 all the way down first of all right here to approximately 88,000. So usually when the RSI is being oversold, it could mean that at least some kind of a temporary bottom might be it. But yeah, right now we are oversold and on the money flow indicator. Not only that we are entering the oversold area, we are also right here having a setup for a regular bullish divergence. So higher low on the money flow, lower low Bitcoin, it could be right here a regular bullish divergence, but it's not confirmed yet.

[00:04:55]That is right to why I want to show you the fivewave price structure we have been paying attention to for the past few days. And before we do talk about that, I would really appreciate for you to smash up the like button because 600 likes right here are definitely possible. But also, thank you for subscribing to the channel. Now, let me do show you exactly the fivewave price structure we have been paying attention to for the past few days. Remember already in yesterday's video I was saying to you this right here can simply be the first impulsive ali wave. We got right here a correction and right now we got right here the third allit wave another correction. And of course right now Bitcoin might be forming the last fifth ali wave which is going to mean a finished fivewave price structure. And what was the technical target of our fifth ali wave that we mentioned yesterday? We went with our trendbased Fibonacci extension from the high back towards the low back towards our recent high right here at the start of our fifth aliot wave and you can rightly see we are for sure trading exactly at the 1:1 Fibonacci extent level at $74,400.

[00:06:01]Now I do have another plan with this specific fivewave price structure in a case Bitcoin right now does not get another push toward the upside as soon as possible. And in this scenario, we are probably still forming the bigger third elite wave. Only then we are going to expect the fourth elite wave and only then the fifth Elliot wave on Bitcoin is probably going to coming in. And of course, what is then going to be the next target of the third Elliot wave. We need to adjust our Fibonacci extension tool slightly. Let's go actually and go with this specific high. Of course, the first target in our scenario was the 1.618 Fibonacci extension level that was hit almost exactly. Now if we do continue lower the next target then is going to be 2:1 Fibonacci extension level which in this scenario has already been broken. The next one is also going to be 2.618 Fibonacci extension level that unfortunately it is actually very very low. If Bitcoin right now discontinues significantly lower technically speaking in terms of our third Ali wave this right here is the next target at approximately $72,400 US. And yeah, this target unfortunately it is actually much lower from the area where we are as right now. But what is in this scenario going to be a bullish indication when we can then say okay probably our entire fivewave price structure right here has actually been finished. What we are going to do right now let's go with our trend line. Let's go with our high connecting the lower high right here. And what we can say if the trend line is going to get a break towards the upside bullish Bitcoin indication only in this scenario we can say okay Bitcoin then probably finish the entire 1 2 3 4 5 wave price structure let's look for at least some kind of an ABC correction back towards the upside again I don't want to guess where the bottom right here is going to be. However, I can show you some important key levels I'm right of paying attention to where potentially we might be looking to fire another long or buy trade. So with my long position right here, all I want to see is that we hit a key level of support and that we confirm a swing failure pattern or a liquidity graph. So what is this going to look like? If Bitcoin now does go lower, the next target simply is going to be another daily higher time frame area of support at approximately $73,800.

[00:08:19]This level is actually aligning beautifully with another, not only one, but actually two important liquidity levels. Look right now at this specific low. It is coming in almost exactly at our daily and then also slightly lower.

[00:08:33]We do have another liquidity level at $73,300.

[00:08:37]So if Bitcoin now go lower, hits our major support level right here confirms a liquidity grap or a swing failure pattern for sure. I'm going to look to fire right here another long or buy trade. if there is going to be no reaction. Of course, also I do remain in my short positions right here that are being currently in a very nice profit and that is right the why. If you want to trade with us, take an advantage of the free $5,000 US bonus without KYC and without VPN using the sack link down below. You click the link right here, you register, you deposit, and you're already going to get right here a free bonus. But also, the more you're going to trade, the bigger rewards you're going to get. Not only that, complete any task listed below to automatically qualify for the lucky draw. And the winner is going to get a brand new iPhone 17. So, of course, if you're right now looking for another trade at this area, taking an advantage of the free bonus using the sack link down below simply does make quite a lot of sense. But also, right now, additionally, let me show you exactly where the next significant liquidations on Bitcoin are right now going to come in. Let me refresh the website. So we do have right here the latest data. I'm going to go right here with a symbol.

[00:09:46]And we are first of all going to zoom out a little bit on the oneweek time frame. Let's see right now where the biggest liquidations cluster is going to be. And you might actually be surprised right here. The next biggest liquidations on Bitcoin are going to come in exactly above the recent highs.

[00:10:02]Already yesterday with this push down, we hit a major liquidation class right here. But nevertheless, we do continue lower. Yeah, you can actually see right here we do have still some liquidation sitting below us. But nevertheless, the biggest liquidations cluster is going to be above the highs. And technically speaking, this right here, it is going to be some kind of a bullish Bitcoin indication. Why I'm telling you that approximately the area where we are maybe slightly lower. I am looking to find another long or trade and a very similar story is right to happening when we zoom out slightly more on the two week time frame. This one is showing to us that yes, slightly lower from the area where we are, Bitcoin still does have some more liquidations. And you are still going to notice that the biggest liquidations are going to come in slightly above the recent high. So yes, we do have liquidations below the recent lows, but the biggest liquidations cluster are being exactly above the high. So let's try to see what is going to happen approximately at the area of our daily and the liquidity level right here. if it's going to get hit in the upcoming hours if we are going to get right here some kind of a reaction back up another takeprofit on my short positions and yeah I'm also going to be interested to fire another long or buy position not only on Bitcoin probably also on Ethereum probably also on XRP but also right now something very very interesting it is happening on the 4hour time frame on the Ather stoastic CG oscillator we might even be forming right here some kind of a double bottom pattern and last time we got a very similar double bottom pattern right here. Bitcoin actually got some kind of a rotation back towards the upside. It does seem like that a double top pattern here played out perfectly. We got right here a perfect rejection back down. And right now once again we are getting some kind of a double bottom pattern. So again not only the stoastic right here is saying to us we might be looking for a bounce towards the upside to happen very very soon. We are probably going to hit a major support level where we are already actually we are taking the liquidity below the recent low. If we are right now already going to start moving back up, I will potentially figure another long position already.

[00:12:02]But nevertheless, the biggest liquidations right now are not going to be anymore below the recent lows, but actually exactly above the recent highs.

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