Bitcoin may be entering an early bear phase as onchain profitability turns negative for the first time since 2023, with analysts flagging $80K–$84K as key BTC support
Bitcoin may be entering an early bear phase as onchain profitability turns negative for the first time since 2023, with analysts flagging $80K–$84K as key BTC support
The market does what it wants, this cycle is different. I haven’t a clue, I wish I could borrow the crystal ball for a bit 🙁
BainTrain55 on
Wow groundbreaking news over here. Asset class that’s be trending downward for several months has the potential to continue that trajectory. Really going out in a limb here..What’s the next prediction? Alt season might not happen? Shocking..
blitzik on
Probably not early bear, we’re pretty on time for crypto winter imo
setokaiba22 on
Who are these ‘Bitcoin analysts’? Are they in the room with us or are they as useful as random Redditors?
dormango on
Having any of these new fangled impressive sounding crypto only metrics consistently provided a meaningful signal?
PlatinumTrillionaire on
Always fade coin telegraph they tweet was is currently happening usually to instill mad fear or greed before the market changes direction
Counciltuckian on
So everyone has finally come around to reality – cue incoming rocket fuel of BTC to $150k.
Cause that is how this f’ing market works.
Jesus436 on
2023? Literally the best time to buy bitcoin? Umm… Whatever bro.
Stray14 on
Which completes the macro head and shoulders and sends it into the late 40s… capitulation and panick selling should then drive it to the 30-32 region. Niceeee.
11 Comments
it can always go lower than anyone can predict
The market does what it wants, this cycle is different. I haven’t a clue, I wish I could borrow the crystal ball for a bit 🙁
Wow groundbreaking news over here. Asset class that’s be trending downward for several months has the potential to continue that trajectory. Really going out in a limb here..What’s the next prediction? Alt season might not happen? Shocking..
Probably not early bear, we’re pretty on time for crypto winter imo
Who are these ‘Bitcoin analysts’? Are they in the room with us or are they as useful as random Redditors?
Having any of these new fangled impressive sounding crypto only metrics consistently provided a meaningful signal?
Always fade coin telegraph they tweet was is currently happening usually to instill mad fear or greed before the market changes direction
So everyone has finally come around to reality – cue incoming rocket fuel of BTC to $150k.
Cause that is how this f’ing market works.
2023? Literally the best time to buy bitcoin? Umm… Whatever bro.
Which completes the macro head and shoulders and sends it into the late 40s… capitulation and panick selling should then drive it to the 30-32 region. Niceeee.
We basically been in a bear phase since october.