Analysts Warn of Potential Bitcoin Reversal as Technical Signals Flash Bearish; Gold and Floki Forecasted for Notable Moves

Bitcoin has triggered a rare bearish signal on the weekly SuperTrend indicator—the first since 2022—prompting top analysts to warn of a potential reversal in its recent uptrend. The last occurrence of such a signal preceded a major 60% crash following the FTX collapse. Although BTC/USD has remained strong and near all-time highs, analysts such as Tony Spilotro and Bluntz point out signs of weakening momentum and bearish divergence on the daily chart, driven more by US dollar weakness than organic buying. Bluntz, a well-known crypto analyst, cautions traders about holding long positions and emphasizes the rising risk of a price pullback. The bearish divergence is significant, as the last instance occurred a year ago. Technical levels are in focus, with traders watching for a weekly close above the upper Bollinger Band ($108,507) to validate further gains. Failure to hold above key support could see Bitcoin retrace below $50,000, which may also negatively affect major altcoins. Conversely, a strong close would reaffirm the existing bull trend. Other assets are also under watch: Bluntz applies Elliott Wave analysis to gold, suggesting it could surge to $3,600 after completing an ABC corrective phase, up from its current $3,221. For Floki (FLOKI), a brief dip to $0.00008 is expected before a potential rally to $0.00018, with the analyst considering entry at this lower level. Traders are advised to monitor technical indicators closely, practice prudent risk management, and conduct their own due diligence, as market conditions are volatile and predictions remain speculative. The coming weeks are viewed as critical for determining whether Bitcoin will extend its bullish cycle or enter a protracted correction, with corresponding ripple effects on altcoins and related digital assets.