Since the end of January, the Bitcoin price has been significant signs of fever. In fact, in space only a few weeks, the course fell below $ 80,000. If BTC is currently trying to restore $ 90,000, uncertainty is very real. And investment products in Crypto are not reassured because they recorded almost $ 4 billion in three weeks. With a recent violent decline in cryptocurrencies, some operators evoke a change in trend. Are bitcoins and altcoins back on the lower market as in 2022? We find out the market control situation!
Doubt settled on Bitcoin
In 2021 was the price of bitcoin in Bull marketand he played well Above the price of short -term holders (STH). The market started Weakening when the course fell below the average purchase price of sth in May. Since then BTC has seen the new historical highest but The Bull Trend quickly run out of steam. But during this cycle, The situation is different ::
Since 2023 it has the course of BTC fell several times under the orange curve. So far all falls below the average purchase price of STH have caused the type of surrender on the market of cryptocurrencies. And with a fall under $ 80,000The course is iron under an orange curve. Will this decline be short -lived again? It will require a reaction from buyers to Avoid permanently setting under this threshold online.
Mobile diameter in 128 days (blue) did not allow a shopping reaction but Mobile phone diameter in 200 days (red) caused significant reflection. This is currently around 83,000 $ ::
King of cryptocurrencies depicts a decreases by nearly 30 % from the top of around $ 109,000. This is Relatively common correction During the bull market. In addition, downloading the first capitalization of cryptocurrencies no did not question the dynamics According to the “Bitcoin’s Magic Lines” indicator. In fact, all mobile averages are present in the chart always On the rise, as in 2017 or as in 2021. Since then, we can hope that the buyer will become apparent and that the course Jump towards the last historical peaks.
Crypto fear and greed suggests more fear than in August
Indicator Crypto fear and the greed index (cfgi) Allows you to have an idea Feeling of market. And with a dive Bitcoin below $ 80,000operators had very fearful. CFGI has indeed occurred to 10or at a level never interfere with since 2022. The market panicked more strongly during this decline than in August 2024, when the course developed below 60,000 $ ::
This Excess reduction is often repairedThe course tends to bounce under these conditions. However, it should still be noted that The market feeling is far from reminiscent of the feeling of 2020-2021. The bull market must be maintained increased movement to prevent dynamics from changing. And therefore it is necessary Avoid installing a feeling that could slow investment. We will have to find a positive market feeling to check the BTC performance as in 2021.
Bump to come to the course of Bitcoin according to Asopra?
Indicator ASOPR (Edited assessment ratio to output profit) It allows you to give you an idea of the tendency of the cryptocurrency king. Actually The edge between the bull market and the bear market is around the horizontal line per 1. Indeed when an indicator settled under 1The market tends to be va Market. This is especially what we observe for 2022:
Since mid -2023 was an indicator very often for 1. With the fall of bitcoin is an indicator Passed under 1But the situation is not yet Not comparable to 2022. In addition, the horizontal line tends to Serves as a bull market support. Since then BTC could experience well and bounce.
Still no peak on the Bitcoin course according to MVRV Z-Skone?
Analysts on a chain often evoke MVRV Z-Score. And for a good reason he has had an indicator since 2013 Correctly due to the lowest market and peaks of different bulls. In fact, it allows you to realize whether the market has experienced excessive bruises or excess reduction. From the return to the reduction of surplus (green) in November 2022, the metrics were displayed and Continuation of hollow and ascending summits, a little in the same way as in 2016-2017 ::
Mvrv z-skore is not since 2021. In addition, since 2013 The Bull Market tends to end and vertical phase On the playground, but also on the metric. It doesn’t seem to be Had no bull surplus comparable to previous bull markets. Despite everything, note that the market has changed when institutional actors are coming through Spot ETF and there are no infallibes indicators.
Key points to remember
The situation of the cryptocurrency market has deteriorated, especially when it comes to the market feeling. CFGI actually touched 10, which is the equivalent of the market with a bear 2022. The challenge will be quickly bounce to prevent the setting under this threshold on-Svezec.
MVRV Z-Score and ASOPR still do not show alarming signals. Although the course exceeded $ 100,000, no bull surplus is reported on the MVRV side. In addition, the long -term mobile averages present on the Bitcoin indicator Magic Lines are always ascending, as in 2017 and 2021. Therefore, they are still encouraging, and founder Bitmex Exchange, Arthur Hayes, thinks Trump’s policy could be positive for King Krptos.