News
  • Rizwan Ansari
    author-profile
    Rizwan Ansari right arrow
    Author

    Rizwan is an experienced Crypto journalist with almost half a decade of experience covering everything related to the growing crypto industry โ€” from price analysis to blockchain disruption. During this period, heโ€™s authored more than 3,000 news articles for Coinpedia News.

    • Reviewed by: Sohrab Khawas
      author profile
      Sohrab Khawas right arrow
      Reviewed

      Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

      • author twitter
      • author linkedin
    • 2 minutes read

    Bitcoin Bull Run Nearing End, Retail Traders At Risk, Analysts Warn

    • currency-symbol BTC $ 111,992.09 (0.49%) top gainer
    Story Highlights
    • Bitcoin down 1.13% in October, breaking historical trend, raising concerns among traders globally.

    • Analyst Captain Faibik warns late buyers risk getting trapped during possible major market correction.

    • CryptoBirb notes current Bitcoin rally is 99.3% complete, with October 24 marking potential cycle peak.

    • Bitcoin ETF outflows, including $30.8M from BlackRock, indicate institutional investors may be reducing exposure.

    October is usually a strong month for Bitcoin, but this year is breaking the pattern. So far, the price is down 1.13%, raising alarms among traders.ย 

    Crypto analyst Captain Faibik warns that the recent drop isnโ€™t just a normal pullback, it could be the start of a major correction, putting late buyers at risk of getting trapped.

    Bitcoin Going For Major Correction

    According to Faibik, last weekโ€™s heavy selloff wasnโ€™t just a normal dip. Instead, it reflected the early stages of a major correction, as large players began to sell their holdings near market tops.

    Looking at the weekly chart, Bitcoin is trading within a rising wedge pattern, a formation that often signals a potential reversal. For now, the bulls still have control, but momentum is weakening. 

    The fear is that once the lower support line of the wedge breaks, the bulls could lose control quickly. If that happens, a wave of selling pressure could follow, leading to a sharp decline in Bitcoinโ€™s value.

    Bitcoin price chart

    Faibik warned that newer investors who jumped in late might get โ€œtrappedโ€ if the market suddenly drops, while big players may move out.

    Oct 24 – Bull Cycle End Day

    Faibikโ€™s analysis aligns with veteran trader CryptoBirb, who warns that the current Bitcoin rally is 99.3% complete, leaving just 10 days before a potential cycle peak.

    According to CryptoBirb, it has been 1,058 days since Bitcoinโ€™s last major bottom, meaning this bull run is nearing the end of its typical cycle. His โ€œCycle Peak Countdownโ€ model highlights October 24 as a likely date for the next significant peak.

    Bitcoin ETF Outflow Raises Further Concern

    Adding to the concern is the recent activity in the spot Bitcoin ETF market. Just in the past few days, outflows have picked up significantly. On October 13th, Bitcoin ETFs saw a total outflow of $326 million

    Even BlackRock, one of the biggest players in the space, recorded an outflow of $30.8 million yesterday. 

    This trend signals that institutional investors may be pulling back from the market, a potential warning sign for retail traders.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    How much will 1 Bitcoin cost in 2025?

    As per Coinpediaโ€™s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

    How much will 1 Bitcoin be worth in 2030?

    With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

    How much will the price of Bitcoin be in 2040?

    As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

    How high will Bitcoin go in 2050?

    By 2050, a single BTC price could go as high as $377,949,106.84

    Trust with CoinPedia:

    CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

    Investment Disclaimer:

    All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

    Sponsored and Advertisements:

    Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

    Show More

    Related Articles

    Back to top button