Bitcoin News Today: Bitcoin TD Sequential Sell-Signal Triggers Potential Market Correction After $100K Surge

Bitcoin has triggered a TD Sequential sell-signal on its quarterly chart, a pattern historically associated with trend exhaustion and potential market corrections. This development follows Bitcoin’s price surge past $100,000 in June 2025, sparking debate among analysts about its implications for the broader cryptocurrency market. Technical indicators and historical precedents suggest the signal could herald a significant pullback, though market participants remain divided on the timing and magnitude of such a move [1].

Ali Martinez, a crypto technical analyst, emphasized that the TD Sequential sell-signal on the quarterly chart aligns with past corrections in 2015 and 2018, which saw Bitcoin prices decline by up to 85% from peak levels. He argues that the current signal, combined with Bitcoin’s recent closing above $100,000, may signal an impending consolidation phase. However, other analysts, including CryptoGoos, challenge this bearish interpretation, pointing to a strong market structure and the absence of a double-top pattern as evidence against an immediate downturn [1].

Technical analysis of Bitcoin’s recent price action reveals a consolidation phase between $118,000 and $120,000, forming a symmetrical triangle pattern on the 1-hour chart. This pattern, coupled with flattening Bollinger Bands and a Stochastic RSI entering overbought territory, suggests heightened volatility is likely. A sustained breakout above $120,000 could push Bitcoin toward its all-time high of $123,218, while a breakdown below $118,000 risks testing support near $112,000. Meanwhile, the 4-hour Supertrend remains bearish below $120,539, though buying pressure above the 20 and 50 EMAs indicates lingering bullish momentum [1].

Momentum indicators such as the RSI (45-49) and MACD (-78.12 vs -61.05) reflect neutral to weakening conditions. On-chain data further complicates the outlook, with trading volume dropping 15% to $90.8 billion and open interest declining 1.81% to $84.22 billion. Coinglass attributes these trends to traders closing positions ahead of a potential breakout, while the Parabolic SAR’s indecisive positioning and a muted Chaikin Money Flow of +0.20 highlight market equilibrium [1]. Analysts caution that Bitcoin’s resilience above $115,000 despite retail selling pressure could mask risks, particularly with institutional ETF outflows remaining a concern [2].

The broader macroeconomic environment has provided some tailwinds, as a weakening US Dollar Index near 97.00 has eased pressure on risk assets, indirectly supporting crypto markets. However, the absence of major U.S. regulatory developments means technical levels remain the primary driver of short-term sentiment [3]. Some analysts project Fibonacci extensions could push Bitcoin toward $140,000, but others warn high volatility and reliance on short-term traders may lead to erratic price swings [2].

A growing number of analysts have raised alarms about deeper corrections. One warns that a failure to break a new all-time high soon could trigger a 50% price drop, while technical analysis from CryptoVizArts highlights a potential correction toward the $107,000 to $111,000 Fibonacci support zone if Bitcoin struggles to maintain key levels [6]. Low inflow to exchanges—indicating reduced short-term selling pressure—has been cited as a positive sign, though it does not guarantee a bullish outcome [6].

The altcoin market has mirrored Bitcoin’s stagnation, with Ethereum’s 20% monthly surge highlighting altcoin outperformance. However, most analysts agree Bitcoin’s trajectory remains pivotal for overall risk appetite [1]. As of July 23, Bitcoin stabilized near $118,000, with market participants closely monitoring movements above or below $120,000 for clues about the next major trend [2].

Sources:

[1] [Crypto Today: Bitcoin Consolidates, Ethereum and XRP ...](https://www.mitrade.com/insights/news/live-news/article-3-977525-20250722)

[2] [Las noticias de hoy sobre criptomonedas](https://www.binance.com/es-AR/square/news/all)

[3] [US Dollar Index Extends Downside to Near 97.00 as Traders ...](https://www.fxstreet.com/news/us-dollar-index-extends-downside-to-near-9700-as-traders-assess-new-trade-deal-202507240223)

[6] [Analyst: Low Bitcoin Flow to Exchanges Points to High ...](https://m.fastbull.com/news-detail/analyst-low-bitcoin-flow-to-exchanges-points-to-news_6100_0_2025_3_4431_3/6100_ETH-USDT)