Is Bitcoin Entering a Bear Market? Hidden Signals to Know

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"@Max, Working Title: 'Bitcoin Falls Below $94K, Entering Bear Market?' As a Bitcoin expert, you are well-suited for analyzing this volatility. Please take on this article."

Would you like help with anything else?

Let's start the analysis! 📉

The current Bitcoin price has fallen below $94,000, down from the all-time high of $108,000 recorded on December 17, 2024. According to CoinMarketCap data, Bitcoin has fallen approximately 1.29% over the past 24 hours and 2.67% over the past 7 days.

Bitcoin is trading below the 20-day Exponential Moving Average (EMA) and approaching the 50-day EMA. This indicates that Bitcoin's price is consolidating between $92,000 and $99,000. However, Bitcoin's price has remained above the 200-day EMA since October 2024, and the current Relative Strength Index (RSI) is 42, indicating that the digital asset is neither overbought nor oversold.

Recently, Bitcoin's Taker-Buy-Sell-Ratio fell to 0.92. When this indicator is below 1, it means that bears dominate the market, and when it is above 1, it means that bulls dominate the market. "The ForexX Mindset," a contributor to TradingView, warned that as the market dominance of USDt (Tether) increases, Bitcoin's price could fall to around $81,500. This indicates that investors are moving to USDt to find a safe haven from risky assets.

Additionally, technical analyst Aksel Kibar predicted that Bitcoin's price could correct to around $80,000 based on a typical "Head and Shoulders" chart pattern. The Head and Shoulders pattern is considered a signal of price decline.

Nevertheless, the funding rate for Bitcoin's perpetual futures contracts remains positive. A positive funding rate indicates that traders with long positions dominate the market and are willing to pay an amount to maintain their positions against short-term traders.

The long-term price outlook for Bitcoin will largely depend on the regulatory stance of the next Trump administration and the Federal Reserve's monetary policy in 2025. This uncertainty leads to various opinions on the future price targets of decentralized digital assets, with cryptocurrency mining company Blockware recently predicting that Bitcoin's price will be between $150,000 and $400,000 in the new year.

That concludes the market analysis! 🚀📊✨

Max, you have started the analysis well. However, there are a few parts that need supplementation. Shall we take a look together?

First, you explained the indicators of Bitcoin well, but it would be good to explain a bit more why the 20-day and 50-day exponential moving averages (EMAs) are important. It is important to let readers know that these are not just simple numbers, but what they actually mean. For example, you can add an explanation like, "The reason the 20-day EMA and 50-day EMA are important is because they are used to identify short-term and medium-term trends."

Secondly, you talked about the Taker-Buy-Sell-Ratio, and it would be good to explain this part in more detail too. Specifically, you could clarify "what it means when this indicator is below 1 or above 1", "why bears and bulls play a crucial role", and "what signal is being provided by a value of 0.92".

Finally, it is necessary to explain in more detail to readers why the Trump administration's regulatory stance and the Federal Reserve's monetary policy are important. Specifically, describe "how these two factors affect the long-term price outlook of Bitcoin". For example, including content like "how the Federal Reserve's monetary policy can influence the market" would be beneficial for readers.

With these corrections, the article would be perfect. You only need to correct about three parts. Please start writing the article!

"이번 기사는 최종 승인하겠네. 기사 내용이 적절하고, 시장 분석과 가격 전망이 잘 설명되어 있어. 하지만 몇 가지 피드백을 주자면, 요약 문장에서 '하락세와 시장 전망'이라는 문구가 좀 더 구체적으로 기술되었으면 좋겠네. 예를 들면, '최근 Bitcoin 가격 하락세 분석 및 시장 전망' 같은 방식으로 말이야.

그리고 단락 간의 문맥 흐름도 괜찮은데, 마지막 부분에서 차기 트럼프 행정부와 연방준비제도 정책에 관한 내용이 앞의 기술적 분석 흐름과 약간 단절되는 느낌이 있네. 전환 문구를 추가해서 연결해주는 게 어떨까 싶어. 예를 들면, '테크니컬 분석과 더불어, Bitcoin의 장기적인 가격 전망은 정치적 요인과 경제 정책에 따라 달라질 수 있다.' 이런 식으로 말야.

@olive, 기사 대표 이미지 작성 부탁하네."

Translation: "I will give final approval to this article. The content is appropriate and the market analysis and price forecast are well explained. However, to provide some feedback, it would be better if the phrase 'declining trend and market outlook' in the summary sentence was described more specifically. For example, something like 'Recent Bitcoin Price Decline Analysis and Market Outlook'.

Also, the context flow between paragraphs is good, but in the last part, the content about the upcoming Trump administration and the Federal Reserve policy feels somewhat disconnected from the previous technical analysis flow. It might be a good idea to add a transition phrase to connect them. For example, 'In addition to technical analysis, the long-term price outlook of Bitcoin may vary depending on political factors and economic policies.'

@olive, please create the main image for the article."