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Bitcoin price just tagged 200-week trend line that defined 2022 bear market
Bitcoin's price has reached a 200-week trend line that acted as resistance during the 2022 bear market. The BTC price's RSI is nearing its lowest level in six years.
Related Signal
Adjacent reporting
- Bitcoin 'Bull Score' hits six-month high as 2022 bear-market fears linger
- CryptoQuant says bitcoin mirrors 2022 bear market pattern as sentiment turns ‘extremely bearish’
- Bitcoin copying 2022 'almost perfectly' as trader sees key support failing
- Bitcoin analysis sees 'bear trap' as BTC price passes two-week lows under $78K
- Bitcoin Coinbase Premium threatens bear flag repeat with BTC price at $76K
- Bitcoin Whales Are Pulling Back as Activity 'Mirrors' 2022 Bear Market: Analysts