Bitcoin costs have struggled to generate sustained good points in latest weeks, with the newest value dropping to round $74,000 final week. However there seems to be a deeper drawback with this premier cryptocurrency than a failed try at value restoration. In accordance with crypto market specialists, Bitcoin costs are at a stage paying homage to the bearish interval in 2022.
Is BTC about to witness a comeback in 2022?
In a March 8 submit on the X Platform, Licensed Market Technologist Tony Severino shared some attention-grabbing insights into the present state of the Bitcoin market. The crypto skilled 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 Shifting Common Convergence Divergence (MACD) indicator on BTC’s two-week value chart. MACD is a outstanding momentum indicator utilized in technical evaluation to establish pattern course, momentum modifications, and potential entry and exit positions.
The Shifting Common Convergence Divergence indicator sometimes has two traces: the MACD line (inexperienced) and the sign line (crimson), in addition to a histogram that displays the space between the 2 aforementioned traces. The histogram, a key momentum indicator, is at the moment exhibiting robust bearish momentum.
This remark is as a result of the bars within the histogram are widening, indicating that the momentum within the present course is growing (the bars are beneath the impartial or zero line, so it’s bearish). In accordance 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 about the identical because it was on the identical level earlier than the Luna collapse in 2022
one thing dangerous may occur
How do you handle threat? 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,” the crypto market analyst stated, suggesting that one other crypto winter could possibly 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%.
Nonetheless, it is very important be aware that the market could have already priced in what we’re at the moment seeing within the MACD indicator, which is usually thought-about a lagging indicator. Moreover, Bitcoin has already misplaced practically 30% of its worth by 2026.
Bitcoin value overview
As of this writing, the worth of BTC is round $67,520 with no vital motion previously 24 hours.
The value of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
