Bitcoin is deeply entrenched in a bearish trend according to CryptoQuant
Bitcoin has just crossed a critical threshold that changes the game. According to CryptoQuant, the break of its 365-day moving average is no longer just a technical signal: it marks a clear entry into a new bearish cycle. This slide occurs in the context of a decline in institutional demand and degraded on-chain signals. The bullish momentum seems to be behind us, replaced by a market dynamic structured around caution, wait-and-see... and the risk of prolonged decline. In short:
Bitcoin has crossed a critical technical threshold: its 365-day moving average has been broken for the first time since March 2022. This break marks, according to CryptoQuant, a formal transition to a prolonged bearish market. On-chain indicators are at their lowest, notably a "Bull Market Index" at zero and a decline in liquidity in stablecoins. The negative premium of Coinbase reflects a marked disenchantment among American investors.#BTC #BitcoinGoogleSearchesSurge #bearmarket
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