Could Bitcoin Price Crash Like Silver? Warning Signs Are Showing

Bitcoin closed at $80,154 on Oct. 25, its second straight weekly close below $83,000, after $82,042 the prior week, confirming a fake-out for Benjamin Cowen of BeInCrypto’s Market Intelligence Expert Council. Cowen said the move could mirror silver’s post-2011 collapse, when the metal fell 73% over four years, and identified the bull market support band near $72,000-$76,000—a pair of 20- and 21-week moving averages—as his next target. He said a weekly close above roughly $84,000 would undercut his bearish thesis. Charles Edwards, founder of Capriole Investments and a fellow council member, cited Bitcoin’s put/call ratio—bearish versus bullish options bets—at 1.46, which he said has historically marked relatively capped local downside.