๐จ $BTC: Is the Bull Run Over? ๐
Bitcoinโs defense of the 100-week moving average ($85.5k, aligning with the $84k-$85k demand zone) played out exactly as predicted by Galaxy Tradingโs Beimnet Abebe back in November. He even signaled a buying opportunity below $80k. But a concerning trend is emerging.
Social media buzz is fading, and a critical question arises: can real-world utility compensate for dwindling retail interest? ๐ค Institutional investment is positive, yet are we losing the decentralized spirit that defined $BTCโs early days?
Volatility has plummeted โ a potential safeguard against massive crashes, but also a constraint on explosive rallies. The recent drawdown from $126k to $84k was a relatively mild 33.3%, a stark contrast to previous cycles. True MVRV metrics remain subdued, suggesting limited exuberance even after all-time highs. Is this a sign of a maturing market, or a warning that the biggest gains are behind us?
#Bitcoin #Crypto #MarketAnalysis #Volatility ๐ป
