· The specialized analytics platform CryptoQuant warned that Bitcoin may face a new downward wave in 2026 if it fails to reclaim the yearly moving average, as the current price movement suggests it is merely a “rebound within a bear market” similar to what happened in 2022.
According to the platform’s weekly report, Bitcoin has risen by about 21% since November 21. However, this uptick is not enough to confirm a sustainable bullish reversal, as the price is still moving below the 365-day moving average, situated near the $101,000 level, which represents a crucial technical resistance barrier.
The report explained that Bitcoin declined by 19% after breaking below the yearly moving average, indicating the beginning of a bear market, before rebounding by nearly the same percentage and approaching this level again without successfully surpassing it. CryptoQuant noted that a similar scenario occurred in 2022, when the price dropped by about 27% after falling below the yearly moving average, then rebounded by 47% before being rejected and resuming its downward trend.
