Has Bitcoin Entered a Bear Season? CryptoQuant’s Research Director Explains! Here Are the Details

Julio Moreno, Research Director at CryptoQuant, known for its analysis of cryptocurrency markets, made noteworthy assessments regarding Bitcoin’s current market cycle.

Moreno stated that, based on some technical indicators, Bitcoin may have been effectively in a bear market for about two months.

Moreno’s analysis particularly highlights long-term trend indicators such as the one-year moving average.

Moreno noted that these indicators are giving signals similar to the behavior Bitcoin’s price has historically exhibited during periods of entering bear markets, emphasizing that the market outlook points to a deeper correction process rather than short-term fluctuations. According to him, the price movements in recent months have also created a significant sense of caution in investor psychology.

The research director, recalling that past cycles show Bitcoin typically forms a bottom within a specific range during bear markets, predicted that this time the potential bottom could be between $56,000 and $60,000.

Moreno stated that this forecast was made by taking into account “realized price” data and average decline rates in previous bear markets.

However, Moreno also emphasized that the bear market assessment does not eliminate long-term potential.

The analyst noted that Bitcoin has historically entered a new phase of recovery and growth after each bear cycle, and said investors should focus on risk management and long-term strategies rather than short-term price pressure. Market participants believe the coming months will be decisive in determining Bitcoin’s direction.

*This is not investment advice.

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