technical analysis 14-03-2025
Today's Bitcoin technical analysis is leaning towards a bearish trend. The daily chart exhibits a bearish pattern characterized by considerable volatility, signaling a downward trend.¹ Additionally, the Bitcoin Bull-Bear Market Cycle Indicator is currently at its most bearish level this cycle, which has historically preceded sharp corrections or marked the beginning of a downturn.²
There are also indications of a bearish trend reversal, with adaptive moving averages suggesting a bearish trend on the 1-hour timeframe.³ However, it's worth noting that some analysts believe Bitcoin could be at deep value levels, potentially signaling a buying opportunity.
Key Indicators:
Moving Averages:* Bearish trend reversal on the 1-hour timeframe
Bitcoin Bull-Bear Market Cycle Indicator:* Most bearish level this cycle
Ratio Z-score:* Below its 365-day moving average, suggesting dissipated upward momentum