The value of Bitcoin has struggled to muster a sustained upward climb over the previous few weeks, with the most recent one failing across the $74,000 mark previously week. However, the premier cryptocurrency appears to have deeper issues than failed value restoration makes an attempt. According to a crypto market knowledgeable, the Bitcoin value is at a stage harking back to the bearish interval of 2022.
Is BTC About To Witness A Repeat Of 2022?
In a March 8 put up on the X platform, Chartered Market Technician Tony Severino shared an attention-grabbing perception into the present scenario of the Bitcoin market. The crypto pundit hypothesized that the world’s largest cryptocurrency may need to endure a bearish interval related to the Terra (LUNA) ecosystem crash in 2022.
The rationale behind this analysis is the regular decline within the Moving Average Convergence Divergence (MACD) indicator on BTC’s two-week value chart. MACD is a distinguished momentum indicator utilized in technical evaluation to determine development course, momentum modifications, and potential entry and exit positions.
Typically, the Moving Average Convergence Divergence indicator has two traces: the MACD line (inexperienced) and the sign line (purple), and a histogram, which displays the gap between the 2 aforementioned traces. The histogram, which is the first momentum indicator, is presently signaling a powerful bearish momentum.
This remark is as a result of the histogram bars are increasing, signaling rising momentum within the present course (which is bearish as a result of the bars are beneath the impartial or zero line). According to Severino, the MACD indicator is even increasing to ranges not seen since 2022, when the Terra (LUNA) ecosystem collapse despatched bearish shockwaves by your complete crypto market.
2W Bitcoin LMACD momentum is across the similar level earlier than the Luna collapse in 2022
It’s attainable one thing nasty is coming
How are you managing your danger? And do you even know the way? pic.twitter.com/SFzsYJxiZc
— Tony Severino, CMT (@TonySeverinoCMT) March 8, 2026
Source: @TonySeverinoCMT on XThe crypto market analyst stated, “it is possible that something nasty is coming,” suggesting that one other crypto winter is perhaps imminent. After Terra’s collapse in May, the premier cryptocurrency would have fallen from above $50,000 to round $30,000 — a few 40% decline — by July 2022.
However, it is very important be aware that the market may need already priced in what’s presently being seen within the MACD indicator, which is commonly thought of a lagging indicator. Moreover, Bitcoin has already lost nearly 30% of its worth up to now in 2026.
Bitcoin Price At A Glance
At the time of this writing, the worth of BTC stands at round $67,520, reflecting no important motion previously 24 hours.
The value of BTC on the each day timeframe | Source: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
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