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$BTC Has rebounded from the 200-day moving average - Analysts warn of a potential new round of correction 🤬
Bitcoin has failed to consolidate above the 200-day moving average (around $82,000). This indicator line was the turning point for a prolonged decline in 2022.
What is concerning is:
🔵 The Bullishness Score Index has dropped to 20 - an extremely bearish sentiment zone
🔵 Coinbase premium remains negative - weak buyer demand
🔵 Spot BTC ETF has lost about $2 billion in the past two weeks
🕯 If the correction intensifies, the next major support level will be $70,000. Bulls need to regain $82,000, or the market will decline significantly again.