Bitcoin costs have struggled to generate sustained good points in latest weeks, with the latest 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. Based on crypto market consultants, Bitcoin costs are at a stage harking back 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 fascinating insights into the present state of the Bitcoin market. The crypto skilled hypothesized that the world’s largest cryptocurrency could should 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 establish development route, momentum modifications, and potential entry and exit positions.
The Transferring Common Convergence Divergence indicator usually has two traces: the MACD line (inexperienced) and the sign line (purple), in addition to a histogram that displays the space between the 2 aforementioned traces. The histogram, a key momentum indicator, is at present displaying sturdy bearish momentum.
This remark is as a result of the bars within the histogram are widening, indicating that the momentum within the present route is rising (the bars are under the impartial or zero line, so it’s bearish). Based on 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 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,” the crypto market analyst mentioned, suggesting that one other crypto winter could possibly be imminent. After Terra’s collapse in Could, the premier cryptocurrency would have fallen from greater than $50,000 to about $30,000 by July 2022, a drop of about 40%.
Nevertheless, you will need to word that the market could have already priced in what we’re at present seeing within the MACD indicator, which is commonly thought of 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 important motion prior to now 24 hours.
The worth of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
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