The value 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. Nevertheless, the premier cryptocurrency appears to have deeper issues than failed worth restoration makes an attempt. In keeping with a crypto market knowledgeable, the Bitcoin worth 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 publish on the X platform, Chartered Market Technician Tony Severino shared an fascinating perception into the present state of affairs 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 Shifting Common Convergence Divergence (MACD) indicator on BTC’s two-week worth chart. MACD is a outstanding momentum indicator utilized in technical evaluation to establish pattern route, momentum modifications, and potential entry and exit positions.
Usually, the Shifting Common Convergence Divergence indicator 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.
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 under the impartial or zero line). In keeping with Severino, the MACD indicator is even increasing to ranges not seen since 2022, when the Terra (LUNA) ecosystem collapse despatched bearish shockwaves by means of the whole crypto market.
2W Bitcoin LMACD momentum is across the similar level earlier than the Luna collapse in 2022
It’s potential 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 stated, “it’s potential 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.
Nevertheless, you will need to observe that the market may need already priced in what’s presently being seen within the MACD indicator, which is commonly thought-about a lagging indicator. Furthermore, Bitcoin has already misplaced almost 30% of its worth to date in 2026.
Bitcoin Value 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 value of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture by DALL-E, chart from TradingView
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