Bitcoin’s Bull Market Dead? 2026 Awaits! 🚨

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Well, well, well, what do we have here? A long-term technical trend indicator for Bitcoin has turned bearish, which is about as surprising as a squirrel finding a nut in a hurricane. “From a technical standpoint, the bull market is over,” declared Crypto₿irb, that sage of the crypto world, as if he’d just discovered water is wet. 🐕

Bitcoin, that mercurial charmer, has exhibited a “persistent trend shift,” which is crypto-speak for “I’ve lost all my friends and my wallet is empty.” The analyst waxed poetic about price percentage traveled, volume spikes, and “above-average volatility,” as if he were describing a Shakespearean tragedy. 🎭

The 200-day trend, that trusty compass for analysts, has taken a nosedive, leaving investors as lost as a tourist in a maze. “Worsened breadth” – I’m sure that’s a term of endearment. 🧠

Meanwhile, the 200-day moving average, that old reliable, turned downward in mid-November when a “death cross” occurred. Oh, how thrilling! A death cross is like a crypto omen, but with more graphs and fewer ghosts. 🐍

These indicators, so revered by the crypto priesthood, are said to be long-term support levels. But let’s be honest, they’re about as reliable as a weather forecast in a tornado. 🌪️

Bitcoin bear market calls are increasing

“There is no debate, Bitcoin is in a bear market,” proclaimed Markus Thielen, that paragon of certainty, as if he’d just cracked the code to eternal happiness. 🧠 But let’s not forget, even the most confident analyst can be wrong. Like a man who swears he’s never been wrong… until he is. 🤷‍♂️

Henrik Andersson, chief investment officer of Apollo Capital, offered a more measured view, saying the buying pressure from digital asset treasuries is “behind us.” But he’s probably just trying to keep the peace. 🤝

“The direction going forward will be determined by risk assets in general, and being selective as an investor will be more important than ever.” – A quote so profound, it’s practically a Nobel Prize in Crypto. 🏆

Short-term relief for the Bitcoin bulls

Crypto analyst “Skew” chimed in, declaring things “looking a lot more constructive here for the bulls.” If by “constructive” he means “I’m holding my breath,” then yes, it’s a miracle. 🙏

“Momentum is toward the upside if buyers and the market can muster strength from here.” – A statement so hopeful, it’s like believing in Santa Claus. 🎄

But beware, falling back below $88,000 “would be a sign of weakness.” Which is a fancy way of saying, “Don’t panic… yet.” The key area, $90,000 to $92,000, is “an initial area for the market to fight over.” Like a boxing match between a bear and a bull. 🐻🐮

BTC came just shy of $92,000 on Coinbase, but retreated to $91,200. A classic case of “so close, yet so far.” 🤡

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2025-11-27 08:20