Veteran Analyst Tom DeMark Issues Bear Market Signal, Is BTC’s $2 Trillion Valuation at Risk?
The post Veteran Analyst Tom DeMark Issues Bear Market Signal, Is BTC’s $2 Trillion Valuation at Risk? appeared on BitcoinEthereumNews.com. Bitcoin price briefly crossed $98,200 on Friday before slipping into a two-day pullback, reflecting lower weekend liquidity and growing macro caution. Bitcoin Stalls Below $98K, Amid Lean Weekend Volumes Bitcoin slid 0.7% on Sunday, May 4, falling below $96,000 for the first time since midweek. The drop marks a second consecutive day of losses, following a strong institutional-led rally that pushed BTC to a 70-day high of $98,200 on Friday, per Coingecko data. Despite reclaiming a $2 trillion market capitalization briefly, Bitcoin’s bullish momentum has stalled, coinciding with soft weekend volumes and renewed macro uncertainty. Bitcoin (BTC) price action, Sunday, May 4, 2025 | Source: Coingecko On a weekly basis, Bitcoin is still up 4.5%, while 30-day performance remains strong at 12.8%, supported by ETF inflows and renewed accumulation from U.S. corporate treasuries. However, resistance around the $98,000 level has proven tough to break, especially in the absence of clear macro tailwinds. At the same time, Ethereum’s inability to hold above $1,900 and declining futures trading volume across top exchanges like Binance and CME further confirm the cautious short-term sentiment over the weekend. DeMark Warns: Bear Market in U.S. Stocks Could Be Imminent Tom DeMark, creator of the TD Sequential indicator and a trusted technical advisor to major hedge funds, has issued a fresh warning: a U.S. stock market top is imminent and could give way to a full-blown bear market within months. DeMark, who accurately predicted the February top and April low in the S&P 500, says the index is showing clear signs of exhaustion. S&P 500 Technical Analysis | DeMark/Market WIT His analysis highlights that two more closing highs in the S&P 500 would complete a 9-count exhaustion cycle, a historically reliable signal for trend reversals. Once this occurs, DeMark expects a retracement below 4,835 the intraday low…
The post Veteran Analyst Tom DeMark Issues Bear Market Signal, Is BTC’s $2 Trillion Valuation at Risk? appeared on BitcoinEthereumNews.com.
Bitcoin price briefly crossed $98,200 on Friday before slipping into a two-day pullback, reflecting lower weekend liquidity and growing macro caution. Bitcoin Stalls Below $98K, Amid Lean Weekend Volumes Bitcoin slid 0.7% on Sunday, May 4, falling below $96,000 for the first time since midweek. The drop marks a second consecutive day of losses, following a strong institutional-led rally that pushed BTC to a 70-day high of $98,200 on Friday, per Coingecko data. Despite reclaiming a $2 trillion market capitalization briefly, Bitcoin’s bullish momentum has stalled, coinciding with soft weekend volumes and renewed macro uncertainty. Bitcoin (BTC) price action, Sunday, May 4, 2025 | Source: Coingecko On a weekly basis, Bitcoin is still up 4.5%, while 30-day performance remains strong at 12.8%, supported by ETF inflows and renewed accumulation from U.S. corporate treasuries. However, resistance around the $98,000 level has proven tough to break, especially in the absence of clear macro tailwinds. At the same time, Ethereum’s inability to hold above $1,900 and declining futures trading volume across top exchanges like Binance and CME further confirm the cautious short-term sentiment over the weekend. DeMark Warns: Bear Market in U.S. Stocks Could Be Imminent Tom DeMark, creator of the TD Sequential indicator and a trusted technical advisor to major hedge funds, has issued a fresh warning: a U.S. stock market top is imminent and could give way to a full-blown bear market within months. DeMark, who accurately predicted the February top and April low in the S&P 500, says the index is showing clear signs of exhaustion. S&P 500 Technical Analysis | DeMark/Market WIT His analysis highlights that two more closing highs in the S&P 500 would complete a 9-count exhaustion cycle, a historically reliable signal for trend reversals. Once this occurs, DeMark expects a retracement below 4,835 the intraday low…
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