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The Bitcoin price has closed its yearly candle with a shooting-star-like pattern, raising concerns that selling pressure near highs could signal a broader bearish shift ahead. Summary Yearly shooting star suggests selling pressure near all-time highs. Bitcoin is consolidating within a tightening triangle structure. Breakout direction and volume will confirm the next major move. Bitcoin’s (BTC) latest yearly close has drawn attention after printing a candle that closely resembles a bearish shooting star. This candlestick formation typically appears near market tops and reflects a failed attempt by buyers to sustain higher prices. In Bitcoin’s case, price wicked aggressively into all-time-high territory before closing significantly lower, signaling that sellers were active and dominant near the highs. While a single yearly candle does not confirm a full trend reversal, its placement at the top of a multi-year advance makes it a meaningful signal that warrants closer examination. Bitcoin price key technical points Yearly shooting star indicates seller dominance near all-time highs Lower time frames show compression within a triangle structure Point of Control acts as the key pivot for directional continuation BTCUSDT (12M) Chart, Source: TradingView From a higher-time-frame perspective, the shooting star reflects rejection at premium prices. The long upper wick suggests strong upside attempts were met with equally strong supply, preventing Bitcoin from holding higher valuations into the yearly close. Historically, such candles often mark transition phases where markets move from expansion into consolidation or corrective behavior as supply and demand rebalance. However, confirmation is critical. On higher time frames, such as the yearly chart, bearish implications gain validity only if followed by acceptance below key structural levels in subsequent price action. Without follow-through, shooting stars can simply represent exhaustion within an ongoing range rather than the beginning of a sustained downtrend. BTCUSDT (1D) Chart, Source: TradingView Zooming in on shorter time…

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Filed under: News - @ January 1, 2026 5:22 pm