A high -level researcher indicates that signs of a long -term market of cryptography bears are beginning to emerge.
David Duong, the World Coinbase Research Head, said in a new analysis that the 200 -day mobile average (MA) indicates Bitcoin (BTC) and the Coinbase 50 index (Coin50), which follows the performance of the 50 largest digital assets by market capitalization.
“While the role of Bitcoin as a” value store “continues to grow, we believe that a holistic assessment of the global market activity of the crypto will be necessary to better define the markets of bulls and bears for the asset class, especially since we will probably see an increasingly diverse behavior in its expansion sectors.
Nevertheless, BTC and the Coin50 index have recently broken below their respective 200 -day mas, which signals potential long -term leased trends on the overall market. This is in accordance with the decline in total market capitalization of cryptography and the drop in funding funding for this space, characteristics of a possible climb of the crypto winter. »»
The analyst says that if a crypto bear market sets in, a bullish reversal could start taking shape between July and September.
“Thus, we think that these justifications taking a defensive position on the risk at the moment, although we always believe that the prices of cryptography can find their floor in the middle in 2T25 – the implementation of a better 3T25.”
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