Two Potential Scenarios for Bitcoin Price: More Pain Ahead?
BeInCrypto
Bitcoin faces bearish pressure after failing to maintain levels above its 200-day moving average, mirroring 2022 market patterns.Summary
Bitcoin has recently fallen below $77,000 following a rejection at its 200-day moving average. CryptoQuant analysts note that the current market structure closely resembles the 2022 bear market, with indicators such as slowing speculative demand and net selling by U.S. spot Bitcoin ETFs. Experts outline two potential paths: a brief mid-range rally before further decline, or an immediate breakdown toward new cycle lows as bearish sentiment persists.
(Source：BeInCrypto)