BREAKING
67d 16h ago

Bitcoin Repeats 2022 Bear Market as 80% Daily and 98% Monthly Correlations Suggest Recovery May Not Arrive Until Q1 Next Year

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9
80% and a monthly correlation near 98%, underscoring a persistent link to prior downturns in Bitcoin price trends.

Such cross‑timeframe alignment informs risk management, suggesting near‑term upside may be tempered while downside protection remains essential. If the pattern repeats, a durable recovery may unfold later in the cycle, potentially delaying a rally into the first quarter of next year. Market participants should rely on validated metrics within a disciplined crypto market analysis framework.

Note this reflects historical patterns rather than a guaranteed outcome; credible reporting advises cautious interpretation of data and macro signals as investors monitor Bitcoin recovery timeline indicators.

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