Cryptocurrency markets are trading lower on Friday in tandem with sliding equity markets.
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Trader Notes: Crypto trader Roman warns that the Bitcoin bull market is already well underway, having surged 700% from its $15,500 bottom.
He says new entrants are late to the party and risk becoming exit liquidity for early investors.
Roman advises taking profits, likening current conditions to the 2021 market cycle.
IncomeSharks questions whether bears have the strength to push Bitcoin down to $112,000, but notes this is where strong bullish support lies.
He points out that recent market structure (“squiggles”) has given traders ample time to mentally prepare for such a move.
Gordon sees a bearish shift unfolding, stating that the Bitcoin crash is just beginning and the bullish phase may be over, with further downside likely.
Crypto trader Skew emphasizes Bitcoin's tight correlation with equity flows, calling $116,000 a critical trend level — acceptance above it could mark the beginning of a recovery, while rejection would suggest continued caution against chasing longs.
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