Bitcoin Price in Bearish Market Pattern as 200-Day MA Resistance Looms

The price of Bitcoin is currently in a state of uncertainty, with some analysts predicting a continued decline in value. According to CryptoQuant's head of research, Julio Moreno, the current market situation mirrors the one seen in March 2022, where BTC surged 43% from its lows before resuming its downtrend.

Moreno notes that the same pattern is unfolding now, with BTC rising by 37% from its April 2025 lows before facing resistance at the 200-day moving average. Spot demand is contracting, speculative futures demand has dried up above $82K, and U.S. spot ETFs have flipped to net sellers.

The macro structure of the market has not healed, but rather been bandaged, and the bearish technical overlay deserves a closer look. According to CryptoQuant, a failure to reclaim the 200-day MA is 'the strongest technical confirmation that the bear market remains structurally intact.'