It looks like the decline in cryptocurrencies will continue for a longer time and there is no trigger to reverse it. Altcoins are struggling to find buyers as Bitcoin lingers below a key support level. BTC, which fell yesterday because the US markets were bad, is now falling even though the market has rallied. So what does historical data say?
Historical Data Bitcoin
In past cycles, Bitcoin has avoided boring moves for such a long time. Moreover altcoins He did not suffer under such pressure. However, after reaching the ATH level in the last quarter of last year BTC It has moved on, and Sherpa investors say worse days lie ahead.
“BTC price At 200W EMA level.
Historically, this is a good area to start examining entries. As in 2022, we could experience a 40% drop below the EMA. “I think there will not be such a dramatic drop, but a drop below the 50-70 thousand range is a possible outcome.”
Even extremely bearish analysts like Roman Trading say they will start buying at $50,000. Since most of the road is now complete for BTC, another $16,000 drop from here may not be surprising.
Sherpa is not the only analyst remembering 2022. Likewise, Martinez says we are in a period similar to 2022. Its bottom target is at 51 thousand dollars. Nowadays, if BTC surprisingly regains $ 90 thousand, many analysts and therefore investors will be wrong.
The Cycle Was Vindicated
Even if 2025 does not bring as much increase as expected, at least BTC The envisaged target of 120 thousand dollars was achieved. The bull market has come and gone without most altcoins feeling it. Even though we saw big sales in April and October due to many external factors, those who saw the last quarter as a sales opportunity due to the 4-year cycle story were right.
The point we have reached today shows that the length of the sales losses may increase further due to the ongoing losses of long-term investors.
The graph above shows how weak capital inflow has become. Based on previous boom periods, this is not expected to end suddenly. Current outflows, which point to a repeat of 2022, may continue for at least 2 quarters.
