Bitcoin value has struggled to sustainably rise over the previous few weeks, with costs not too long ago falling close to $74,000 final week. However the high cryptocurrency seems to have extra critical issues than failed value restoration makes an attempt. In line with cryptocurrency market specialists, the worth of Bitcoin is at a stage harking back to the 2022 downturn.
Will BTC witness a repeat in 2022?
In a March 8 publish on the A cryptocurrency professional has hypothesized that the world's largest cryptocurrency might should endure a bearish interval linked to the collapse of the Terra (LUNA) ecosystem in 2022.
The premise for this evaluation is the regular decline of the Transferring Common Convergence Divergence (MACD) indicator on the two-week value chart of BTC. MACD is a key momentum indicator utilized in technical evaluation to establish development route, momentum adjustments, and potential entry and exit positions.
Usually, the transferring common convergence divergence indicator has two strains, the MACD line (inexperienced) and the sign line (purple), and a histogram that displays the space between the 2 aforementioned strains. The histogram, a key momentum indicator, is presently signaling sturdy bearish momentum.
This remark is as a result of the histogram bars are increasing, signaling rising momentum within the present route (a downtrend as a result of the bars are beneath the impartial or zero line). In line with Severino, the MACD indicator is increasing to ranges not seen since 2022, when the collapse of the Terra (LUNA) ecosystem despatched bearish shockwaves throughout the complete cryptocurrency market.
2W Bitcoin LMACD momentum is roughly on the similar level it was earlier than the Luna collapse in 2022.
One thing disagreeable may come
How are you managing your dangers? And are you aware how? pic.twitter.com/SFzsYJxiZc
— Tony Severino, CMT (@TonySeverinoCMT) March 8, 2026
Supply: @TonySeverinoCMT on X“One thing unhealthy is probably going coming,” a cryptocurrency market analyst mentioned, suggesting one other cryptocurrency winter could possibly be simply across the nook. After Terra collapsed in Might, the highest cryptocurrency would have fallen from over $50,000 to round $30,000 (a decline of about 40%) by July 2022.
Nevertheless, you will need to notice that the market might have already priced within the value proven by the present MACD indicator, which is usually thought-about a lagging indicator. Furthermore, Bitcoin has already misplaced virtually 30% of its worth as of 2026.
Bitcoin value at a look
As of this writing, the BTC value is round $67,520, with no vital motion over the previous 24 hours.
The worth of BTC on the day by day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture of DALL-E, TradingView chart
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