Bitcoin Market Signals Shift Towards Bearish Conditions

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2d ago

Should l Buy BTC?

Negative Inflows: CryptoQuant data indicates that new investor inflows into Bitcoin have turned negative, suggesting a weakening market absorption of sell-offs, which could lead to the formation of an early-stage bear market, impacting investor confidence.
Price Decline Trend: Bitcoin has dropped approximately 23% over the past 80 days, breaking below its 365-day moving average for the first time, indicating market weakness and a lack of new capital support, potentially leading to deeper price corrections.
Weak Demand Phenomenon: Spot and institutional demand remain persistently low, with risk-adjusted returns (Sharpe ratio) sinking to historical lows, suggesting the market may be in a late-stage bear phase, prompting investors to exercise caution.
Uncertain Market Outlook: CryptoQuant warns that without a clear uptick in new demand, the current pattern of “weakness triggering withdrawals” could evolve into a true bear market, necessitating close monitoring of market dynamics.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	40818.203	50409.102	60005.013	69595.912	79191.823	88782.722	98378.633
Fibonacci	50409.102	57738.463	62266.55	69595.912	76925.273	81453.36	88782.722

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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