Is a BTC bear market warning here? The probability is as high as 80%
#BTC has recently seen a dismal performance, dropping over $100,000 in four months, and the key low point has yet to be recovered📉. Whale sell-offs are continuous, and market pressure is immense. Crypto analyst Titan of Crypto warns: the likelihood of a bear market approaching is as high as 80%, with a bull market only at 20%.
The four-year cycle theory seems to be collapsing, and #山寨币 has not brought the expected gains; the market rhythm has truly changed.
Investors are reminded not to be blindly optimistic and to scrutinize the market with a magnifying glass. The BTC RSI trend will determine next week whether a bear market is truly upon us—if it resembles previous bear markets, the confirmation of a bear market is likely.
However, on the other hand, Coinglass's 30 bull market peak indicators have not yet been triggered, and the top seems not to have arrived💡. The fear and greed index has dropped to extreme fear at 10, but historically, such extreme fear has sometimes been a precursor to a rebound📈. Who will control the next step in the market? Let's wait and see👀.
