Українська
Русский
English
Indicators Signal the End of Bitcoin’s Bull Market
A long-term technical indicator for Bitcoin has turned bearish, leading some analysts to suggest that the bull market has likely ended.
“From a technical standpoint, the bull market is finished,” crypto analyst Crypto₿irb said Thursday in a post to his 700,000 followers on X.
He noted that Bitcoin is showing a “sustained trend reversal, confirmed by percentage price change, spikes in trading volume, above-average volatility, time spent below the 200-day moving average, and a deterioration in market breadth.” The analyst predicts that 2026 will be a year of decline.
The analysis highlights deterioration in the 200-day trend — a tool used to connect key points and assess the strength of a trend or breakouts.
Additionally, the 200-day moving average — a metric showing the mathematical average price of BTC over the past 200 days — turned downward in mid-November. A so-called “death cross” occurred as it dropped below the short-term 50-day moving average.
These indicators are closely monitored as long-term support levels and as signals of transitions between bull and bear markets.
Calls to acknowledge a Bitcoin bear market intensify
“There is no debate: Bitcoin is in a bear market,” said Markus Thielen of 10x Research.
He added that what is currently seen is “a bounce within a broader bear-market reversal.”
However, Henrik Andersson, Chief Investment Officer at Apollo Capital, noted that the buying pressure from digital asset treasuries (DAT) seen earlier this year has faded, but this “does not mean we're in a bear market.”
“The future direction will be determined by risk assets as a whole, and investor selectivity will matter more than ever,” he emphasized.
Short-term relief for Bitcoin bulls
Crypto analyst Skew said on Thursday that from a 4-hour chart perspective the situation “looks much more constructive for the bulls.”
“Momentum is upward if buyers and the market can gain strength,” Skew stated.
“A drop below $88,000 would signal weakness and the loss of momentum for further growth.” The key zone between $90,000 and $92,000 is the “initial region the market will fight for in the context of the structural trend,” he added.
During early Thursday trading on Coinbase, BTC nearly reached $92,000 but later pulled back to $91,200 at the time of publication.
See also: "Trader Earned Over $100,000 in 30 Minutes Thanks to a Memecoin"
