The latest analysis from technical experts indicates that the bull run for Bitcoin may have concluded. This conclusion comes from a breakdown of the 200-day moving average, raising concerns within the cryptocurrency community about a potential bearish trend extending into 2026.
Renowned analyst Crypto Birb recently shared insights on X, emphasizing a shift in Bitcoin”s price trends, which have been validated by various metrics. His post has sparked significant debate, amassing over 43,200 views as traders react to the alarming signals he identified.
According to Crypto Birb, the percentage of price movements and trading volume spikes suggest a pattern of distribution that could lead to further declines. The current volatility in the market exacerbates these concerns, particularly given Bitcoin”s prolonged period below the crucial 200-day trend line.
Despite the bearish outlook, not all analysts agree. On X, user Timbo78625468 challenged the prevailing narrative, pointing out that Bitcoin has still been making higher highs and higher lows since the last bear bottom, suggesting that the technical structure remains resilient. This viewpoint posits that Bitcoin could continue to decline yet maintain its bull market status.
Further bolstering the bullish argument, 52kskew highlighted optimistic patterns observed on the 4-hour chart, where Bitcoin”s price remains above the 4-hour 50 Exponential Moving Average (EMA). With the Relative Strength Index (RSI) surpassing 50, and the stochastic RSI trending toward bullish territory, some analysts see potential for a rebound.
The critical price level of $88,000 has emerged as a significant marker, with analysts suggesting that any drop below this threshold could indicate weakness in the market. Maintaining support in the $90,000 to $92,000 range is essential as market participants grapple with crucial resistance points.
As Bitcoin approaches this pivotal area, it has recently tested crucial support levels, although each attempt has seen diminishing buying pressure. Trading volume profiles indicate accumulation zones moving downward, while the psychological barrier of the 200-day moving average continues to challenge recovery efforts.
Historical patterns reveal that prior corrections often followed similar trends, signaling caution. Momentum indicators also reflect this sentiment, with MACD divergences appearing on daily charts and relative strength waning against major assets.
While some market participants remain optimistic about Bitcoin”s fundamentals supporting its price, others point to deteriorating technical conditions as a reason for concern. The community remains divided as both bulls and bears present their cases, emphasizing the need for traders to stay vigilant and patient for clearer directional signals.
