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<\/p>\nThe value of Bitcoin has struggled to muster a sustained upward climb<\/a> 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.<\/span><\/p>\n In a March 8 put up on the X platform, Chartered Market Technician Tony Severino shared<\/a> an attention-grabbing perception into the present scenario of the Bitcoin market. The crypto pundit hypothesized that the world\u2019s largest cryptocurrency may need to endure a bearish interval related to the Terra (LUNA) ecosystem crash in 2022.<\/span><\/p>\n The rationale behind this analysis is the regular decline within the Moving Average Convergence Divergence (MACD) indicator on BTC\u2019s 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.<\/span><\/p>\n Typically, the Moving Average Convergence Divergence indicator<\/a> 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.<\/span><\/p>\n 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.<\/span><\/p>\n 2W Bitcoin LMACD momentum is across the similar level earlier than the Luna collapse in 2022<\/p>\n It\u2019s attainable one thing nasty is coming<\/p>\n How are you managing your danger? And do you even know the way? pic.twitter.com\/SFzsYJxiZc<\/a><\/p>\n \u2014 Tony Severino, CMT (@TonySeverinoCMT) March 8, 2026<\/a><\/p>\n<\/blockquote>\n The crypto market analyst stated, \u201cit is possible that something nasty is coming,\u201d suggesting that one other crypto winter is perhaps imminent. After Terra\u2019s collapse in May, the premier cryptocurrency would have fallen from above $50,000 to round $30,000 \u2014 a few 40% decline \u2014 by July 2022.<\/span><\/p>\n 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%<\/a> of its worth up to now in 2026.<\/span><\/p>\n At the time of this writing, the worth of BTC stands at round $67,520, reflecting no important motion previously 24 hours.<\/span><\/p>\n Featured picture by DALL-E, chart from TradingView<\/p>\n Editorial Process<\/strong> for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluate by our group of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.<\/p>\n<\/p><\/div>\n<\/p><\/div>\nIs BTC About To Witness A Repeat Of 2022?<\/b><\/h2>\n
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![\"Bitcoin\"](\"https:\/\/pbs.twimg.com\/media\/HC21YOmaEAA-iHZ?format=jpg&name=4096x4096\")
Source: @TonySeverinoCMT on X<\/span><\/pre>\nBitcoin Price At A Glance<\/b><\/h2>\n
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The value of BTC on the each day timeframe | Source: BTCUSDT chart on TradingView<\/a><\/pre>\n
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