The worth of Bitcoin has struggled to muster a sustained upward climb over the previous few weeks, with the newest one failing across the $74,000 mark previously week. Nonetheless, the premier cryptocurrency appears to have deeper issues than failed value restoration makes an attempt. In response to a crypto market skilled, 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 fascinating 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 Transferring Common Convergence Divergence (MACD) indicator on BTC’s two-week value chart. MACD is a distinguished momentum indicator utilized in technical evaluation to determine pattern route, momentum adjustments, and potential entry and exit positions.
Sometimes, the Transferring Common Convergence Divergence indicator has two strains: the MACD line (inexperienced) and the sign line (pink), and a histogram, which displays the gap between the 2 aforementioned strains. The histogram, which is the first momentum indicator, is at present signaling a robust bearish momentum.
This commentary is as a result of the histogram bars are increasing, signaling rising momentum within the present route (which is bearish as a result of the bars are beneath the impartial or zero line). In response to Severino, the MACD indicator is even increasing to ranges not seen since 2022, when the Terra (LUNA) ecosystem collapse despatched bearish shockwaves by way of your entire crypto market.
2W Bitcoin LMACD momentum is across the identical level earlier than the Luna collapse in 2022
It’s doable one thing nasty is coming
How are you managing your threat? And do you even understand how? pic.twitter.com/SFzsYJxiZc
— Tony Severino, CMT (@TonySeverinoCMT) March 8, 2026
Supply: @TonySeverinoCMT on X
The crypto market analyst mentioned, “it’s doable that one thing nasty is coming,” suggesting that one other crypto winter is perhaps imminent. After Terra’s collapse in Could, the premier cryptocurrency would have fallen from above $50,000 to round $30,000 — a couple of 40% decline — by July 2022.
Nonetheless, you will need to word that the market may need already priced in what’s at present being seen within the MACD indicator, which is commonly thought-about a lagging indicator. Furthermore, Bitcoin has already misplaced practically 30% of its worth to date in 2026.
Bitcoin Worth At A Look
On the time of this writing, the value of BTC stands at round $67,520, reflecting no vital motion previously 24 hours.
The worth of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
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