Is Bitcoin Repeating January? Why This Pullback Feels Different
$BTC Sunday update:
Is January's Price Action repeating now?
The reversal PA was almost identical at the highs since it's a common pattern for a pullback after reducing momentum.
However, the current situation is very different and it's unlikely PA repeats further:
In this stage of the market, with rate cuts very likely coming in September, this looks like a pullback before continuation.
In January we saw the 1D50EMA becoming resistance - I doubt we see that now.
I think a deviation below it to $110k support should likely hold well.
Liquidation data:
In the big picture, the liquidity is to the upside, especially in that $119k-120k cluster zone- although the main liquidation levels are at $118.5k and $116.2k.
Dropping to $110k would only increase the delta liquidations and add fuel to a short squeeze.
Overall, in my opinion, it's very likely that we see a strong bounce either from here (the 1D50EMA), or from $110k if it comes.
And it's very unlikely to continue repeating January's PA and have another 20% correction since the whole market structure and context has changed.
Unipcs turned $16K into $20M with a single $BONK trade. In a viral Reddit AMA, he shared how he handles volatility, avoids leverage pitfalls, and sticks to strong theses despite FUD. He hasn’t sold—because his conviction hasn’t changed.
Unipcs (aka 'Bonk Guy')/23 hours ago

Despite FUD, weak jobs data, and short-term liquidity dips, August’s seasonal slowdown isn’t a bearish cycle. With rate cuts, QT pause, and SLR easing possible by Q4, now is the time to hold and position for a potential breakout, not panic sell.
VirtualBacon/2 days ago

After losing $15K in a 2018 rug pull, ZachXBT taught himself blockchain forensics. In 4 years, he’s exposed scams, tracked hackers, aided law enforcement, recovered $435M, and built a reputation as Web3’s top crypto detective.
StarPlatinum/2 days ago

The Fed kept rates unchanged in July, a move already priced in. The real pivot may come in September with potential SLR easing and liquidity shifts. Until then, BTC dominance and liquidity trends suggest patience before a true altseason breakout.
VirtualBacon/3 days ago

PumpFun, once the fastest-growing crypto app and memecoin king, has been overtaken by BonkFun. Through creator-focused incentives, community-driven campaigns, daily BONK burns, and strong human leadership, BonkFun captured volume, mindshare, and market dominance.
Adam/7 days ago

Ben.eth went from a small NFT influencer to raising millions during the 2023 memecoin boom with $BEN, $PSYOP, and $LOYAL. Backed by BitBoy and hyped by rumors of Andrew Tate, his projects crashed, lawsuits followed, and he vanished—identity still unknown.
StarPlatinum/2025.07.31

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