Bitcoin Price Warned to Fall Again as CryptoQuant Analysis Highlights Similar 2022 Pattern

CryptoQuant, a leading analytics platform for cryptocurrencies, has released an analysis warning that Bitcoin's price may be headed for another downturn. The company's research suggests that the current movement of BTC is similar to what was seen in 2022, when the asset encountered significant selling pressure and lost demand.

According to CryptoQuant's head of research, Julio Moreno, Bitcoin has been unable to break through a key technical region near the $82.400 mark, which has historically served as a boundary between recovery territory and a resumption of the downward trend.

The analysis also notes that demand for BTC has shown a loss of intensity in recent weeks, with speculative interest in perpetual futures contracts decreasing after the recent surge above $82. Additionally, Bitcoin ETFs traded in the United States have reversed course, with net sales accumulating nearly 4 bitcoins recently.