CryptoQuant says bitcoin mirrors 2022 bear market pattern as sentiment turns ‘extremely bearish’

Bitcoin’s recent rally hit resistance at the 200-day MA near $82,400, a pattern CryptoQuant said is similar to the March 2022 bear market.

The BlockMay 201 min readVerified

CryptoQuant says bitcoin mirrors 2022 bear market pattern as sentiment turns ‘extremely bearish’ — Image · The Block

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Bitcoin’s recent rally hit resistance at the 200-day MA near $82,400, a pattern CryptoQuant said is similar to the March 2022 bear market.

Bitcoin’s recent rally hit resistance at the 200-day MA near $82,400, a pattern CryptoQuant said is similar to the March 2022 bear market.

$82,400,March 2022

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Bitcoin’s recent rally hit resistance at the 200-day MA near $82,400, a pattern CryptoQuant said is similar to the March 2022 bear market.

Integrity note · Xela does not rewrite or paraphrase article content. The excerpt above is the source publication's own words, sanitized for display. For the full piece — including any quotes, charts, or images — read it at The Block. Xela's rewritten version is off for this story, so there's no editorial angle attached — you're getting the source's reporting unfiltered. When the rewrite is on, we add a What this means block underneath with the operator/trader takeaway.

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