The long-term trend indicator of Bitcoin is now bearish. This has led at least one analyst into believing that the bull run may have ended.
“From a technical standpoint, the bull market is over,” Crypto analyst “Crypto₿irb” told His 700,000 X fans on Thursday.
BitcoinBTC() Exhibits “persistent trend shift, confirmed by price percentage traveled, volume spikes, above-average volatility, time spent below the 200-day trend, and worsened breadth,” He said when he forecasted 2026 as being a year for declines.
This analysis showed a downward trend in the 200 day trend. It is a tool that analysts use to visualize specific points, gauge trend strength and measure breakouts.
In mid-November, when the “death crossThe “” occurred when it dropped below the 50-day moving-average.
The indicators serve as long-term signals and support levels for bull Markets can be bull or bear.
The number of Bitcoin bear markets is increasing
“There is no debate, Bitcoin is in a bear market,” Markus Thielen of 10x Research spoke to Cointelegraph. Markus Thielen from 10x Research told Cointelegraph that the current economic climate is “unprecedented”. “a bear market reversal rally.”
Related: Bitcoin risks deeper drop if whale exchange deposits stay high: Analyst
Henrik Andersson told Cointelegraph the pressure of buying digital asset treasuries in H1 is over. “doesn’t mean we are in a bear market.”
“The direction going forward will be determined by risk assets in general, and being selective as an investor will be more important than ever.”
Bitcoin bulls receive a temporary relief
Crypto Analyst “Skew” said On Thursday, the things that are “looking a lot more constructive here for the bulls,” The chart is based on a 4-hour time frame.
“Momentum is toward the upside if buyers and the market can muster strength from here.”
Falls below $88,000 “would be a sign of weakness and failed momentum to drive higher,” The key range is between $90,000 and $92,000. “initial area for the market to fight over structural trend.”
BTC was just a few dollars shy of the $92,000 mark on Coinbase in early Thursday morning trading, but it had fallen to $91,200 by time of publishing.
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Source: cointelegraph.com
