No New Bitcoin All-Time High Yet, Analyst Warns

In Brief

• An analyst warns that Bitcoin’s recent price rebound does not confirm a true market reversal.
• Historical comparisons suggest Bitcoin can reclaim key technical levels and still be in correction.
• The analyst believes Bitcoin may rise further temporarily but still continue its broader downward trend.

Shedrach Kongvong 2025-12-04

Bitcoin started to recover again after the sudden pullback from a new $91,000 breakthrough, making crypto players to think a reversal had come. Contrary to this, a crypto analyst says there’s no reversal yet despite the price pump.

In an X post on 3 December, the analyst known as Ted said Bitcoin price may pump high enough to make many believe that a reversal has happened and a new all-time high may be close, but this is not the case.

He compared the current cycle to the Q1 2022 cycle where Bitcoin managed to reclaim the 50-Week Exponential Moving Average (EMA) level, a key bull/bear indicator, after which it crashed 50%, suggesting such a pump doesn’t confirm a reversal.

$BTC could pump enough to make people believe that a new ATH is coming.

In Q1 2022, Bitcoin reclaimed the 50W EMA level, which has been a bull/bear indicator.

Soon after that, Bitcoin lost this level and dropped another 50%. pic.twitter.com/2zTcJjyVxq

— Ted (@TedPillows) December 3, 2025

Bitcoin Fails to Find a Real Bottom

Bitcoin has faced lots of ups and downs in the current market cycle. After breaching $100,000 for the first time in its history, the top crypto asset managed to reach an all-time high of $126,000, fueling the hopes for a much bigger all-time high. Suddenly, the coin lost this price level and entered a bear phase that crashed over 30% to $83,000.

Since then, the chances of reaching a new all-time high in 2025 seems small, and Ted thinks this surprise correction might happen again. He had earlier predicted that Bitcoin may hit $102,000 but that the pump will not last before the price heads downward in another stumble.

Prior to this prediction, the coin had shown signs of reaching a bottom and being ready for a reversal. Several analysts called the bottom based on indicators they had trusted for years, but Bitcoin managed to defy all and entered another correction phase time and again. As a result, some analysts have also attributed the price weakness to market manipulation.

Will There be a Reversal Soon?

If Bitcoin’s many attempts at breaking out have failed, the question arises that when will the next true reversal happen? Well, probably not any time soon. According to Ted, bitcoin may rally up to $104,000 and still continue the downward trend afterwards if $126,000 was the top for Bitcoin in the cycle.

If $126K was the $BTC top, Bitcoin's ongoing rally might not be over yet.

In the last 3 cycles, BTC touched the daily SMA-200 level before continuing the downtrend.

Right now, it's sitting around $109,000 and is coming down.

It's possible that BTC could rally towards the… pic.twitter.com/HUje1gpfey

— Ted (@TedPillows) December 4, 2025

This increases the chances of uncertainty in the market as investors may become apprehensive and sell some of their Bitcoin stashes. If this happens, a new low for the cycle may still be in view after all.