STASolutions2026-09-30

Did Bitcoin already Top Out?

Bitcoin continues to develop as expected and recently managed to break bullishly out of its bearish consolidation. In doing so, the price reached the anticipated target zone around $86k on 09.21. and, accordingly, ended its upward move. This also produced the expected signals in the technical indicators, such as the now clearly visible bearish divergences in the MACD, formed by higher highs in price and lower highs in the indicator. This impression is rounded off by the clearly overbought readings of the RSI. Overall, the risk of a top formation is increasing, which should send Bitcoin into a substantial correction. In that scenario, there is potential to activate levels around $50k, and possibly even below. Such targets would, however, need to be confirmed by the upcoming downward structure; otherwise, from levels around $70 there would be an opportunity for an early trend reversal. This should become clearer over the coming weeks. In the current top formation, bearish signals are clearly dominant. Explicit sell signals, however, are not yet in place. For that, a structurally lower low below $75k would be required. Until then, residual bullish potential remains to form a slightly higher high toward $90k. From an investment-strategy perspective, no purchases can currently be recommended. Bitcoin appears to be in a clear selling phase. Larger purchases would only be justifiable on the impending pullback, with a view to becoming active again from levels around $70k.