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Memecoins have been under heavy selling pressure since December 2024, with many declaring the sector as good as dead. Prices collapsed across the board, liquidity dried up, and retail enthusiasm that once fueled massive rallies seemed to vanish. For months, memecoins have trended lower, underperforming most of the broader crypto market and leaving investors skeptical about their long-term survival.

Yet, despite the gloom, some analysts argue that dismissing memecoins entirely may be premature. As the market prepares for a new phase driven by shifting liquidity flows, institutional positioning, and macroeconomic catalysts, speculation could once again find fertile ground in this volatile sector. Top analyst Darkfost has gone as far as to suggest that the time to take a fresh look at memecoins may have arrived. According to him, data shows that the market is entering an area where memecoin dominance has historically regained strength, often sparking sharp rebounds.

While risks remain high—memecoins are still among the most speculative assets in crypto—the potential for explosive gains continues to attract attention.

Memecoin Dominance Signals Possible Rebound

Darkfost highlights the importance of monitoring the Memecoin Dominance in Altcoin Markets chart, which compares the market capitalization of key memecoins against that of established altcoins. This ratio offers valuable insight into whether memecoins are gaining or losing influence relative to the broader altcoin sector.

Since the massive rush that peaked at the end of 2024, memecoins have been in a prolonged decline, steadily losing both valuation and investor interest. The frenzy that once drove parabolic gains gave way to exhaustion, with most of the sector retracing sharply.

Investors in memecoins understand the unique challenge of this asset class. Unlike Bitcoin or Ethereum, memecoins often lack fundamental backing, making them highly speculative. As a result, timing entries and, more importantly, exiting positions quickly to secure profits are essential strategies. Hesitation can easily turn short-term gains into significant losses.

Despite this, Darkfost observes that the memecoin dominance chart is signaling a potential turning point. The ratio has entered an area where memecoins have historically regained strength, marking the beginning of sharp rebounds. Early signs of reaction suggest that market sentiment may be shifting, with speculative capital slowly re-entering the space.

If the trend persists, the conditions could align for a renewed memecoin mania. While it may not replicate the extreme fervor of late 2024, a resurgence in speculative appetite could drive significant rallies. For traders watching closely, the data implies that memecoins may once again become a hot narrative in the crypto cycle, though managing risk remains paramount.

Market Cap Growth Analysis

The chart of the Memecoin Market Cap (Daily) shows how the sector remains highly volatile, reflecting speculative behavior that defines this corner of the crypto market. After rebounding strongly from the July lows near $64B, the market surged to a local peak above $88B in early September. However, that momentum quickly faded, with the cap now retracing toward $75B, down nearly 5% in the latest session.

The 50-day moving average at $68.7B has acted as a strong dynamic support throughout this recovery, showing that buyers continue to step in when valuations approach this level. Meanwhile, the sector’s ability to push above $80B and briefly test the $88B resistance highlights that speculative capital is still present, even if profit-taking remains aggressive.

For now, memecoins are consolidating after a sharp upswing, and the market appears to be searching for balance. If capitalization holds above the $72–74B range, a renewed attempt to reclaim $80B could follow, reigniting bullish sentiment. On the other hand, a breakdown below the 50-day average would suggest fading momentum and open the door for a deeper retracement. Ultimately, memecoins remain sensitive to liquidity flows and broader risk sentiment, making timing critical.

Featured image from Dall-E, chart from TradingView

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Gold is the standout performer of 2025, climbing over 33%.

It’s three times the profit of the Nasdaq 100 index and almost twice the bitcoin (BTC) performance. In fact, it only costs 31.2 ounces of gold to buy one BTC, known as the BTC-XAU ratio, which fell from 40 ounces last December.

Metals, normally used as heaven during times of financial stress, are supported by government bond yields across major Western economies, reflecting high debt burdens, sustained inflation concerns and slowing growth. These dynamics reinforce the historical role of gold as a store of value, highlighting why all other investments deserve a benchmark where they are measured.

According to technical analysis, the BTC-XAU ratio is integrated within the large rising triangle, a bullish continuation pattern that has been formed since 2017. The 2024 level of the ratio seen at the end of 2021 has been revised at around 25%. This structure refers to potential breakouts by the second half of the fourth quarter or early next year.

Importantly, previous cycles of this ratio saw serious drawdowns before new highs were established for 84% in 2019, 75% in 2020 and 78% in 2022. The current pullback is much shallower, suggesting underlying strength, and maintaining the long-term bullish case.

Bitcoin

bulls mounted a fresh challenge to a crucial resistance level as traders looked forward to U.S. inflation data.

The top cryptocurrency rose to $122,056, testing the 1.618% Fibonacci extension originating from the 2018 bear market low and the 2022 bear market low. The 1.618% extension is derived from the “golden ratio,” a revered mathematical constant in finance, which is widely found in nature and art. Many believe it also influences human psychology and market movements.

This is the bulls’ second attempt to scale the key resistance levels. They previously penetrated the same last month, but failed to sustain gains, which ultimately led to a price pullback to lows under $112,000.

A successful hold above the “golden ratio” would cement expectations for a rally toward $140,000, the most popular call option strike on the crypto derivatives exchange Deribit. As of writing, the $140,000 call boasted a notional open interest of over $3 billion, according to data source Deribit Metrics.

However, if the bulls fail to hold their ground for a second time, it would suggest the buying pressure is insufficient, potentially yielding a deeper correction.

As of writing, BTC changed hands at $122,000, having hit a high of $122,171 during the early Asian trading hours, according to CoinDesk data.

Focus on U.S. inflation

Data due Tuesday is expected to show that the impact of Trump’s tariffs crept into inflation in July, lifting price pressures in the economy.

The core consumer price index, which strips out volatile food and energy costs, is likely to have risen 0.3% in July, according to the median projection in a Bloomberg survey of economists. In June, the core CPI increased by 0.2% from the previous month.

A hotter-than-expected inflation print may trigger market volatility, but it is unlikely to deter the Fed from cutting rates in September, according to Marc Chandler, chief market strategist at Bannockburn Global Forex. In other words, the dollar’s downtrend could continue after the CPI report, boding well for risk assets, including cryptocurrencies.

“With U.S. interest rates still at the lower end of their ranges, despite a soft reception at the U.S. refunding last week, we suspect the market is vulnerable to what may prove to be the third consecutive monthly increase in the year-over-year headline and core CPI. After the report, we suspect the dollar’s downtrend can resume,” Chandler said in the market report on Sunday.

He explained that July’s weak jobs report was a significant turning point that raised bets for a Fed rate cut, ending the dollar’s counter-trend recovery rally.

Read more: Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs

Ethereum (ETH) reclaimed the $2,700 threshold one day after spot exchange-traded funds (ETFs) listed in the US tracking the asset surpassed $4.5 billion in cumulative net inflows on July 8, according to Farside Investors’ data.

As of press time, Ethereum is priced at $2,723.98, up by 4.1% in the past 24 hours. ETH lost the $2,700 footing on June 12, spending almost a month below it.

Notably, the milestone of the ETFs came 25 US trading sessions after the products cleared $3 billion on May 30. 

Issuers attracted $303 million between July 1 and July 8. BlackRock’s ETHA led with $171,8 million in the period, followed by the $74.5 million in inflows from Fidelity’s FETH.

Shifting derivatives

Derivatives positioning shifted the next day. Coinank data show the Binance ETH/USDT perpetual long-to-short ratio slipped to 0.98 at 10:00 UTC on July 9, the first print below parity since April 16, 2023, when the same metric bottomed at 0.94. 

Rising open interest alongside a new net-short balance implies fresh money entering the market rather than positions closing. 

Classical futures theory holds that increasing open interest combined with decisive price action confirms trend strength, while a divergence often precedes reversals. 

Q3 catalysts

A recent report by CF Benchmarks cited four drivers that could tighten supply-demand dynamics in the coming quarter. 

The first is the expectation of $10 billion in incremental ETF inflows as second-wave platforms launch. At the same time, the second is the potential staking enablement inside US spot ETFs, projected to draw an additional $5 billion to $7 billion. 

The report identified a third catalyst as the corporate treasury’s adoption, which may increase the number of public ETH-holding firms from 5 to 50. Wrapping up the catalysts is the block space demand from tokenized assets that “should lift fee burn and bolster the L1 yield profile.” 

The report framed these flows as supportive after a first half marked by elevated but orderly leverage and record CME participation.

Price discovery enters tight window

With ETFs absorbing spot supply and Binance futures showing contrasting signs, traders face a confluence that tends to accelerate price discovery. 

Whether the next decisive move materializes through a long squeeze or a short cover will hinge on macro data and regulatory headlines. Still, the structural bid from regulated funds remains intact. 

The juxtaposition of persistent spot demand and a rare net-short bias in derivatives sets a measurable backdrop as the third quarter opens.

Mentioned in this article

The market technician known on X as Dr Cat (@DoctorCatX) has published a post that condenses years of his XRP/BTC work into one number—2,041 satoshis—and a set of time-stamped price targets that reach as high as $30 per XRP once Bitcoin hits $270,000.

In the post, the analyst begins with a sharp rebuke of critics who, in his words, “pretend to be idiots just to troll” before pivoting to a rigorously structured roadmap. He breaks price action into five nested horizons—intraday, daily, weekly, monthly and quarterly—and assigns each its own decision-making role.

XRP Moon Scenario: $30 Target Needs One Final Signal

The crux of the argument is that monthly price candles must be read in isolation from what he calls the “noise” of the lower frames if traders want to understand where serious accumulation or distribution is taking place. “Bullish target: ~$4–4.5 (3.5 K sats on 120–130 K BTC). Very bullish target: ~$18–30 (7 K–12 K sats / 270 K BTC).”

Those levels are not merely numeric goals; they are the by-product of a ratio he views as structural. A monthly close below 2,041 satoshis would, paradoxically, increase his confidence in the “very bullish” path—but only “very long term (2026+),” because such a breakdown would probably trigger what he calls a flush toward 1,800, 1,500 or even 700 sats first. Conversely, a defense of that shelf preserves a less spectacular—but cleaner—advance toward 3,500 sats (~$4–4.50 at current six-figure Bitcoin prices) and keeps alive the 7,000-to-12,000-satoshi objective for the extended cycle top.

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The thread’s most practical value may lie in its explanation of why no immediate weekly up-trend should be expected even in the “most bullish” scenario. Dr Cat points to classic Ichimoku conditions—Chikou Span under price, a downward-angled Kijun-sen and a bearish Tenkan/Kijun cross—arguing that history shows it can take “~26 weeks at least” for those signals to unwind. Any rally toward 2,700 sats in the next couple of months would therefore be viewed as a Kijun retest ripe for rejection rather than the start of a sustained breakout.

The analyst also clarifies a point that has caused confusion among casual readers: his $270,000 Bitcoin estimate is a macro-cycle cap, not a near-term forecast. He explicitly states that he expects the current market cycle to “extend to 2026 and beyond,” which is why the loftiest XRP numbers sit at the far right of his timeline. Everything, he insists, flows from the ratio between the two assets, not from dollar-denominated targets considered in isolation.

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Context comes in the form of a brief exchange with a skeptic posting under the handle “Woo tard of Wall St”, who mocked the notion of a $7 XRP at 270,000 BTC. Dr Cat’s reply—delivered without diluting his language—underscores how strongly he views the time-horizon mismatch between traders who obsess over daily candles and those who plot quarterly swings.

Technicians may quibble with the assumption that one static ratio can govern a three-year outlook, but the post offers a coherent, internally consistent playbook: watch the monthly close against 2,041 sats. Hold it, and the roadmap favors an eventual attack on 3,500 sats and, later, 7,000-plus. Lose it, and the pair probably capitulates before any “monster move” can emerge in the second half of the decade. Either outcome, Dr Cat argues, will resolve whether the XRP narrative of under-performance finally gives way to what would be its most spectacular out-performance against Bitcoin since 2017.

For market participants seeking a single data point to anchor their risk management, 2,041 satoshis now functions as that fulcrum. Until the monthly candle prints, every tick above or below the line will feed the debate over whether XRP is coiling for a generational breakout—or simply rehearsing another round of disappointment.

At press time, XRP traded at $2.01.

Featured image created with DALL.E, chart from TradingView.com

Bitcoin is still trading around the $103,000 mark, although the upward momentum it started in May has exhibited a slowdown in the past seven days. Although a short-term volatility is currently playing out, the long-term outlook is undoubtedly bullish.

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Some analysts are looking to long-term cycle indicators for direction. One such tool, the Golden Ratio Multiplier, which called the Bitcoin top in 2021, has resurfaced with another interesting top for the current Bitcoin cycle.

Golden Ratio Multiplier Identified 2021 Top, Now Points To New Peak

Taking to a post on social media platform X, popular crypto analyst CryptoCon highlighted the reliability of the Golden Ratio Multiplier in predicting Bitcoin’s price top in each cycle. The Golden Ratio Multiplier is a logarithmic model that incorporates Fibonacci-derived multipliers to anticipate Bitcoin’s macro trends.

Notably, this metric was among the few to accurately call the April 2021 cycle top in real time, the same as the 2017 and 2013 price tops. This cycle, the model has already flagged a significant peak in March 2024, although the crypto analyst interpreted this not as the final high but as a mid-top.

CryptoCon explained that Bitcoin’s price action has already hit Level 4 of the multiplier chart this cycle, but this isn’t the final peak. “We’ve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means we’re bound to do it again,” he wrote.

The Level 5 band now sits around $160,000 and continues to trend upward. Drawing a parallel to past cycles, CryptoCon noted that the structure of the current cycle shows strong similarities to the 2015 to 2017 period, when Bitcoin saw a gradual build-up followed by an explosive breakout.

Based on this comparison, the current market phase is seen as equivalent to April 2017, right before Bitcoin went on a rally in the months that followed.

Golden Multiplier Ratio Suggests $160k Is Next Major Target

The chart accompanying CryptoCon’s post paints a familiar picture with the Golden Multiplier Ratio. Each band, ranging from Level 1 to Level 10, is based on a multiplier level derived from the 350-day moving average.  Bitcoin has topped at various levels: Level 10 in 2011, Level 9 and 8 in 2013, Level 7 in 2017, and Level 6 in 2021. The current cycle’s peak should most likely be Level 5, but the Bitcoin price is yet to get there.

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Should the market continue to respect this structure, Bitcoin could be preparing for a rally toward the Level 5 mark of $160,000 sometime later in the year, which could mark the final high of this cycle. The current range around $103,000 may well be the calm before the final breakout. “Slower buildup, then all at once,” the analyst said.

At the time of writing, Bitcoin was trading at $102,971.

Featured image from Unsplash, chart from TradingView

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Prominent crypto analyst Burak Kesmeci has tipped Bitcoin (BTC) to hit a price target of $124,000 based on data from the Golden Ratio Multiplier price model. This bullish prediction comes after an impressive price surge in the past week, hinting that the premier cryptocurrency may have more room for immediate price growth.

Can Bitcoin Return To 1.6x Accumulation Peak Target? 

In an X post on April 26, Burak Kesmeci shared the latest updates on the Bitcoin Golden Ratio Multiplier price model, referencing data from Bitcoin Magazine Pro. For context, the Golden Ratio Multiplier model uses moving averages and Fibonacci ratios to help identify when BTC might be overvalued or undervalued, thereby signaling possible market tops or good accumulation opportunities. 

According to the chart below, Bitcoin has recently retested the 350 daily moving average (350DMA) at $77,000. As the name implies, the 350DMA tracks BTC’s average price over the last 350 days and acts as a key support zone. Touching or briefly dipping below this level often signals a potential long-term buying opportunity.

Bitcoin recently rebounded off its 350DMA, after a price dip to $75,000 was followed by two subsequent price rallies to trade as high as $96,000.

In line with the price bands on the Golden Multiplier ratio, BTC is now headed for 1.6x Accumulation High, i.e, 1.6 times the 350 DMA, which is currently at $124,000. Therefore, despite the ongoing price consolidation, BTC is likely to produce another price rally based on the Golden Multiplier ratio price model. 

Interestingly, when Bitcoin moves near or above this level, it often signals the end of an accumulation phase and the start of a stronger bullish trend. Therefore, BTC reaching the $124,000 would only pave the way for further price gains in line with the lofty targets of some market analysts.

BTC Miners Gain $18.60 Million In Profit

In other news, another top crypto analyst, Ali Martinez, reports that miners have recently capitalized on Bitcoin’s impressive price rally, realizing nearly $18.60 million in profits as prices surged past $94,000. 

This realized profit spike highlights that early miners are strategically taking profits at these high price levels. However, it’s worth noting that Bitcoin retains a strong bullish momentum despite this sell pressure, fueled by multiple factors, including strong inflows into spot ETFs.

At the time of writing, BTC is valued at $94,393, reflecting a price decline of 0.76% in the past day.

Featured image from Investopedia, chart from Tradingview

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The sell-side risk ratio (SSR) is an important predictor of holder behavior. The Sell-side Risk Ratio (SSR) measures the potential “risk” of sell-side pressure entering the market. At heart, it signals how likely (or forceful) a wave of distribution could be relative to both price and the current liquidity climate.

If the SSR trends are high, it often suggests a significant supply overhang waiting in the wings: large holders might be looking to realize profits or short-term holders might be itching to sell into strength. Conversely, investors are less willing to part with their coins when the SSR is low or hovering in an equilibrium band or have no compelling reason to liquidate in size at current price levels.

Fundamentally, SSR matters because it can foreshadow significant inflection points in the market. It usually indicates accelerated profit-taking (or fear-based selling) if it spikes. When the ratio remains flat or retreats, it suggests the market has reached some level of balance between buyers and sellers, thereby signaling less near-term volatility, at least until a new catalyst emerges.

Bitcoin is famously sensitive to shifts in global liquidity. When liquidity is abundant, risk assets like Bitcoin tend to thrive; when liquidity tightens, risk assets often wilt as capital has fewer avenues (and less inclination) to chase higher-beta opportunities.

Because the SSR partly reflects the psychology of existing holders, whether they are willing to sell in bulk or continue to hold, tracking it alongside market volume can offer a unique measure of incoming or outgoing liquidity. A low or stable SSR in a declining liquidity environment often indicates that most “weak” hands have already sold, leaving a base of relatively strong hands who are more comfortable holding through volatility.

The SSR appears notably flat within a mid-range in the second half of March. This flatness suggests a kind of ceasefire between buyers and sellers. Put differently, neither side is especially motivated to take aggressive action.

This indicates a lack of heavy profit-taking. If long-term holders or short-term speculators believed Bitcoin was overvalued, we would see a noticeable uptick in SSR as more coins came onto the market. Instead, the stable ratio hints that participants are not rushing to cash out.

The data also indicates an absence of sell-offs. Typically, leading into a bear market, we see some capitulation where the realized cap starts to drop significantly, and the SSR might spike (reflecting panic or forced selling). Instead, the market has been drifting, with only marginal selling events. That keeps SSR comfortably in a range rather than skyrocketing.

Data from CryptoQuant also shows that spot trading volumes have pulled back from peaks seen late last year and earlier in the first quarter. Spot volumes dropped from around the $15 billion per day region (in some instances) to roughly $5 billion per day more recently. Meanwhile, the price has been meandering around mid-range levels, implying there is not enough fresh demand to push us significantly higher, but also not enough supply flood to tank prices outright.

The data suggests that as volume declined, price entered a sideways or consolidative phase, reinforcing the idea that large new capital inflows have momentarily slowed. With lower spot volumes, the price also struggles to break out strongly in either direction.

On-chain data shows long-term holders (LTH) have not significantly reduced their positions. Indeed, a large chunk of BTC’s realized cap is controlled by addresses that display historically low spending behavior. This indicates a sense of “conviction” that helps keep SSR from spiking since these holders are less likely to sell at current price levels.

The flat reading of the SSR ratio indicates a market at an uneasy standstill: not enough fresh capital to fuel a rally, yet no mass exodus to trigger a punishing drawdown. Despite shrinking spot volumes and ETF outflows, we are not seeing the same frantic selling or steep price declines typical of a full-blown bear.

Instead, Bitcoin’s long-term holder base continues to prop up the market, indicating that if global liquidity improves, the stage could be set for renewed upside. Meanwhile, a low-liquidity environment and a holder-dominated supply keep Bitcoin floating in a mid-range zone, waiting for the next wave of conviction, whether its bullish or bearish.

The post Bitcoin floats in a midrange limbo as sell-side risk ratio remains subdued amid downtrend in spot volume trends appeared first on CryptoSlate.

Ethereum’s value in relation to Bitcoin is at its all-time low since 2020, sparking rumors about its position in the world of cryptocurrency.

The ETH/BTC ratio now stands at only 0.02, according to the latest figures from The Kobeissi Letter. The decline is against the backdrop of Bitcoin consolidating its strength while Ethereum is having a hard time keeping up as of early 2025.

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Market Statistics Reflect Widening Divide Between Cryptocurrencies

The first quarter of 2025 has been hard on the owners of Ethereum. The cryptocurrency has declined by 46% since the beginning of the year, while Bitcoin fell by only 12%.

This expanding discrepancy has attracted investors who anticipated a different outcome in the wake of recent market developments.

BREAKING: The Ethereum to Bitcoin ratio has dropped to 0.02, its lowest since December 2020.

Over the last 2.5 years, the ratio has declined a whopping 75%.

This comes as Bitcoin prices have significantly outperformed Ethereum.

During this time, Ethereum prices have risen 36%… pic.twitter.com/IUIunn9deX

— The Kobeissi Letter (@KobeissiLetter) March 31, 2025

“Bitcoin’s narrative as digital gold has strengthened,” market observers quoted in reports said. That narrative has been attractive to big money holders, but Ethereum has not experienced the same kind of interest.

Technical Issues Mar Ethereum Upgrade

Ethereum’s Pectra upgrade has encountered a number of setbacks. Reports said several test runs failed before the recent rollout of the Hoodi testnet. These technical issues have contributed to market jitters.

The transition to proof-of-stake, a significant shift in the way Ethereum operates, hasn’t provided the market uplift many had hoped for. High gas prices remain an issue for users, and other blockchain networks become more appealing.

ETF Success For Bitcoin Hasn’t Helped Ethereum

Bitcoin ETFs have attracted billions of dollars since being approved earlier this year. According to market observation, Ethereum has not been spared this trend, with institutions remaining hesitant on its long-term worth.

Bitcoin’s fixed supply makes it a more secure option for large investors seeking protection against inflation, market analysts pointed out in recent comments. This has enabled Bitcoin to remain at the top despite adverse overall market conditions.

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Mixed Projections For Ethereum’s Future Value

A few market analysts think Ethereum can hit $20,000 if things improve and the Pectra upgrade is finally rolled out successfully. Others caution that investors may transfer funds to alternatives such as Solana or Avalanche if Ethereum continues to lose ground.

Based on CoinMarketCap data as of publication time, Ethereum was at $1,84, having climbed 1.35% within the last 24 hours. This minor daily increase hasn’t altered the larger context of Ethereum’s woes.

The coming weeks will be decisive, explained analysts tracking the cryptocurrency market. Their reports indicate Ethereum must demonstrate strength or face continued decline relative to the increasing dominance of Bitcoin.

Featured image from Gemini Imagen, chart from TradingView

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Bitcoin is facing intense selling pressure once again, with bears now eyeing a move below the critical $80,000 support level. After bulls briefly pushed BTC to $87,000, hopes for a sustained recovery were quickly dashed when the price failed to reclaim the key $90,000 resistance. Since then, momentum has shifted sharply in favor of the bears, dragging the market into deeper uncertainty.

Ongoing macroeconomic instability, fueled by escalating trade war fears and weakening global sentiment, continues to weigh heavily on financial markets — and the crypto space has been among the hardest hit. Risk appetite is fading fast, and Bitcoin’s failure to hold higher ground has only added to the pressure.

Despite the current weakness, some analysts see a potential buying opportunity on the horizon. Top analyst Ali Martinez shared insights on X, noting that the next prime Bitcoin accumulation zone could appear when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, such crossovers have marked attractive entry points for long-term investors.

Bitcoin Hovers Near $82K As Bulls Face Crucial Test

Bitcoin is now facing a key technical and psychological test around the $82,000 level after losing bullish momentum earlier this week. Bulls initially regained control with a push toward $87,000, but the rally stalled as BTC failed to reclaim the critical $90,000 resistance mark. Since then, selling pressure has resumed, erasing recent gains and dragging the price into lower support zones. What started as a minor upswing has now turned into a deeper struggle for bulls trying to stabilize the trend.

The renewed weakness comes amid persistent macroeconomic uncertainty and rising global tensions, which continue to shake financial markets. Risk appetite has faded across the board, and Bitcoin — like many crypto assets — remains highly sensitive to broader economic shifts. Price action has reflected this fragility, with bears now pressing to break below $82K and challenge deeper demand zones.

Despite the current downtrend, some analysts believe a meaningful buying opportunity could be approaching. Martinez shared on X that the next prime Bitcoin accumulation zone may emerge when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, this signal has aligned with market bottoms and early stages of recovery.

While the short-term trend remains pressured, the approaching MVRV crossover could provide a critical turning point. Bulls now face the urgent task of defending $82K and pushing back above key resistance zones. If they succeed — and if accumulation quietly continues — Bitcoin could soon find the footing needed to begin a stronger recovery phase. Until then, volatility and caution are likely to dominate the market.

BTC Down 8% As Bulls Fight To Reclaim Key Moving Averages

Bitcoin has dropped 8% since March 24, with price action continuing to show weakness as bulls fail to push past key resistance. After briefly consolidating near $87,000, BTC lost momentum and slipped below both the 4-hour 200 moving average (MA) and the exponential moving average (EMA), which were clustered in the $87K–$85K range. These moving averages have acted as dynamic support throughout past uptrends, and the recent breakdown reinforces the growing bearish sentiment.

For any recovery phase to begin, bulls must reclaim this range and flip it back into support. A sustained move above $85,000 would signal strength and could set the stage for a push toward the $90K resistance level. However, the current rejection suggests that sellers remain firmly in control.

If Bitcoin fails to hold above the $82,000 level in the coming sessions, the market could face a more profound correction. A break below $82K would likely open the door to sub-$80K prices, placing Bitcoin back into lower demand zones and triggering renewed fear among investors.

With volatility increasing and macroeconomic uncertainty still weighing on the market, bulls are under pressure to act quickly before bearish momentum accelerates further.

Featured image from Dall-E, chart from TradingView 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.