Bitcoin costs have struggled to generate sustained positive factors in latest weeks, with the latest value dropping to round $74,000 final week. Nevertheless, there seems to be a deeper drawback with this premier cryptocurrency than a failed try at value restoration. In keeping with crypto market consultants, Bitcoin costs are at a stage harking back to a bearish interval in 2022.
Is BTC about to witness a resurgence in 2022?
In a March 8 submit on the X Platform, Licensed Market Technician Tony Severino mentioned: share An attention-grabbing perception into the present state of the Bitcoin market. The crypto knowledgeable hypothesized that the world’s largest cryptocurrency could need to endure a bearish interval because of the collapse of the Terra (LUNA) ecosystem in 2022.
The rationale behind this evaluation is the regular decline within the Transferring Common Convergence Divergence (MACD) indicator on BTC’s two-week value chart. MACD is a distinguished momentum indicator utilized in technical evaluation to determine development route, momentum modifications, and potential entry and exit positions.
The Transferring Common Convergence Divergence indicator usually has two strains: the MACD line (inexperienced) and the sign line (crimson), in addition to a histogram that displays the space between the 2 aforementioned strains. The histogram, a key momentum indicator, is presently exhibiting robust bearish momentum.
This commentary is as a result of the bars within the histogram are widening, indicating that the momentum within the present route is growing (the bars are beneath the impartial or zero line, so it’s bearish). In keeping with Severino, the MACD indicator has expanded to ranges not seen since 2022, when the collapse of the Terra (LUNA) ecosystem despatched a bearish shock throughout the crypto market.
2W Bitcoin LMACD momentum is sort of on the similar stage as earlier than the Luna collapse in 2022
one thing unhealthy may occur
How do you handle danger? And do you even understand how? pic.twitter.com/SFzsYJxiZc
— Tony Severino, CMT (@TonySeverinoCMT) March 8, 2026
Supply: @TonySeverinoCMT on X
“One thing nasty may occur,” mentioned a crypto market analyst, suggesting that one other crypto winter might be imminent. After Terra’s collapse in Might, the premier cryptocurrency would have fallen from greater than $50,000 to about $30,000 by July 2022, a drop of about 40%.
Nevertheless, it is very important observe that the market could have already priced in what we’re presently seeing within the MACD indicator, which is usually thought of a lagging indicator. Moreover, Bitcoin has already misplaced almost 30% of its worth by 2026.
Bitcoin value overview
As of this writing, the worth of BTC is round $67,520 with no important motion prior to now 24 hours.
The value of BTC on the each day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
modifying course of for bitcoinist is targeted on offering totally researched, correct, and unbiased content material. We adhere to strict sourcing requirements, and every web page is fastidiously reviewed by our group of high know-how consultants and skilled editors. This course of ensures the integrity, relevance, and worth of your content material to your readers.
