• bitcoinBitcoin (BTC) $ 63,948.00
  • ethereumEthereum (ETH) $ 3,149.05
  • tetherTether (USDT) $ 0.999837
  • bnbBNB (BNB) $ 560.96
  • solanaSolana (SOL) $ 167.09
  • xrpXRP (XRP) $ 0.619524
  • usd-coinUSDC (USDC) $ 0.997830
  • staked-etherLido Staked Ether (STETH) $ 3,147.37
  • dogecoinDogecoin (DOGE) $ 0.123245
  • the-open-networkToncoin (TON) $ 6.55
  • cardanoCardano (ADA) $ 0.393517
  • tronTRON (TRX) $ 0.135459
  • avalanche-2Avalanche (AVAX) $ 27.11
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,016.00
  • shiba-inuShiba Inu (SHIB) $ 0.000016
  • polkadotPolkadot (DOT) $ 5.69
  • chainlinkChainlink (LINK) $ 12.85
  • bitcoin-cashBitcoin Cash (BCH) $ 349.92
  • nearNEAR Protocol (NEAR) $ 5.48
  • uniswapUniswap (UNI) $ 7.12
  • leo-tokenLEO Token (LEO) $ 5.82
  • daiDai (DAI) $ 0.999702
  • litecoinLitecoin (LTC) $ 67.88
  • wrapped-eethWrapped eETH (WEETH) $ 3,298.45
  • pepePepe (PEPE) $ 0.000011
  • matic-networkPolygon (MATIC) $ 0.500462
  • internet-computerInternet Computer (ICP) $ 9.56
  • kaspaKaspa (KAS) $ 0.174561
  • ethena-usdeEthena USDe (USDE) $ 0.995267
  • ethereum-classicEthereum Classic (ETC) $ 21.86
  • aptosAptos (APT) $ 6.59
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.19
  • stellarStellar (XLM) $ 0.102002
  • moneroMonero (XMR) $ 153.14
  • mantleMantle (MNT) $ 0.813112
  • blockstackStacks (STX) $ 1.69
  • dogwifcoindogwifhat (WIF) $ 2.43
  • makerMaker (MKR) $ 2,593.80
  • crypto-com-chainCronos (CRO) $ 0.089393
  • filecoinFilecoin (FIL) $ 4.14
  • render-tokenRender (RENDER) $ 5.96
  • okbOKB (OKB) $ 39.05
  • arbitrumArbitrum (ARB) $ 0.693073
  • injective-protocolInjective (INJ) $ 23.61
  • cosmosCosmos Hub (ATOM) $ 5.86
  • hedera-hashgraphHedera (HBAR) $ 0.064014
  • bittensorBittensor (TAO) $ 315.53
  • immutable-xImmutable (IMX) $ 1.42
  • vechainVeChain (VET) $ 0.026794
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999873
  • arweaveArweave (AR) $ 29.05
  • optimismOptimism (OP) $ 1.68
  • suiSui (SUI) $ 0.737132
  • bonkBonk (BONK) $ 0.000027
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,537.35
  • the-graphThe Graph (GRT) $ 0.184829
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,210.84
  • flokiFLOKI (FLOKI) $ 0.000174
  • bitget-tokenBitget Token (BGB) $ 1.10
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,285.60
  • thorchainTHORChain (RUNE) $ 4.28
  • whitebitWhiteBIT Coin (WBT) $ 10.04
  • theta-tokenTheta Network (THETA) $ 1.40
  • lido-daoLido DAO (LDO) $ 1.56
  • notcoinNotcoin (NOT) $ 0.013388
  • ondo-financeOndo (ONDO) $ 0.931922
  • aaveAave (AAVE) $ 85.94
  • jupiter-exchange-solanaJupiter (JUP) $ 0.944377
  • pyth-networkPyth Network (PYTH) $ 0.348073
  • jasmycoinJasmyCoin (JASMY) $ 0.025868
  • fantomFantom (FTM) $ 0.437985
  • based-brettBrett (BRETT) $ 0.120567
  • coredaoorgCore (CORE) $ 1.28
  • celestiaCelestia (TIA) $ 5.63
  • algorandAlgorand (ALGO) $ 0.134919
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,166.99
  • sei-networkSei (SEI) $ 0.346831
  • quant-networkQuant (QNT) $ 69.97
  • mantra-daoMANTRA (OM) $ 1.19
  • gatechain-tokenGate (GT) $ 7.35
  • flowFlow (FLOW) $ 0.623239
  • kucoin-sharesKuCoin (KCS) $ 9.46
  • msolMarinade Staked SOL (MSOL) $ 202.14
  • elrond-erd-2MultiversX (EGLD) $ 32.13
  • eosEOS (EOS) $ 0.570910
  • ethereum-name-serviceEthereum Name Service (ENS) $ 26.01
  • beam-2Beam (BEAM) $ 0.016832
  • bitcoin-svBitcoin SV (BSV) $ 42.04
  • axie-infinityAxie Infinity (AXS) $ 5.58
  • galaGALA (GALA) $ 0.022126
  • flare-networksFlare (FLR) $ 0.018262
  • heliumHelium (HNT) $ 4.81
  • tokenize-xchangeTokenize Xchange (TKX) $ 10.02
  • bittorrentBitTorrent (BTT) $ 0.00000083
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,218.40
  • neoNEO (NEO) $ 10.86
  • dydx-chaindYdX (DYDX) $ 1.25
  • ethenaEthena (ENA) $ 0.434110
  • fasttokenFasttoken (FTN) $ 2.33
  • popcatPopcat (POPCAT) $ 0.752723
  • usddUSDD (USDD) $ 0.996741
  • akash-networkAkash Network (AKT) $ 3.03
  • ordinalsORDI (ORDI) $ 34.30
  • tezosTezos (XTZ) $ 0.721317
  • the-sandboxThe Sandbox (SAND) $ 0.303321
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,398.48
  • starknetStarknet (STRK) $ 0.517982
  • roninRonin (RON) $ 1.96
  • nexoNEXO (NEXO) $ 1.16
  • fraxFrax (FRAX) $ 0.994349
  • ecasheCash (XEC) $ 0.000032
  • conflux-tokenConflux (CFX) $ 0.145620
  • worldcoin-wldWorldcoin (WLD) $ 2.11
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006751
  • paypal-usdPayPal USD (PYUSD) $ 0.997337
  • frax-etherFrax Ether (FRXETH) $ 3,157.98
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • decentralandDecentraland (MANA) $ 0.315440
  • chilizChiliz (CHZ) $ 0.065752
  • zebec-protocolZebec Protocol (ZBC) $ 0.012713
  • mog-coinMog Coin (MOG) $ 0.000002
  • tether-goldTether Gold (XAUT) $ 2,365.98
  • zksyncZKsync (ZK) $ 0.156294
  • pendlePendle (PENDLE) $ 3.65
  • oasis-networkOasis Network (ROSE) $ 0.084695
  • raydiumRaydium (RAY) $ 2.16
  • gnosisGnosis (GNO) $ 219.53
  • mina-protocolMina Protocol (MINA) $ 0.490121
  • book-of-memeBOOK OF MEME (BOME) $ 0.007875
  • dexeDeXe (DEXE) $ 9.41
  • havvenSynthetix Network (SNX) $ 1.63
  • iotaIOTA (IOTA) $ 0.155915
  • swethSwell Ethereum (SWETH) $ 3,366.62
  • aioz-networkAIOZ Network (AIOZ) $ 0.473164
  • wormholeWormhole (W) $ 0.280502
  • apecoinApeCoin (APE) $ 0.743478
  • klay-tokenKlaytn (KLAY) $ 0.134818
  • layerzeroLayerZero (ZRO) $ 4.51
  • astarAstar (ASTR) $ 0.070207
  • true-usdTrueUSD (TUSD) $ 0.997284
  • nervos-networkNervos Network (CKB) $ 0.011041
  • safeSafe (SAFE) $ 1.14
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,452.04
  • livepeerLivepeer (LPT) $ 14.20
  • axelarAxelar (AXL) $ 0.639702
  • xdce-crowd-saleXDC Network (XDC) $ 0.031120
  • zcashZcash (ZEC) $ 30.30
  • 1inch1inch (1INCH) $ 0.362149
  • illuviumIlluvium (ILV) $ 66.99
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000081
  • pax-goldPAX Gold (PAXG) $ 2,358.44
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.88
  • theta-fuelTheta Fuel (TFUEL) $ 0.065199
  • bitcoin-goldBitcoin Gold (BTG) $ 24.29
  • aerodrome-financeAerodrome Finance (AERO) $ 0.760414
  • apenftAPENFT (NFT) $ 0.00000042
  • kavaKava (KAVA) $ 0.383681
  • iotexIoTeX (IOTX) $ 0.043495
  • wemix-tokenWEMIX (WEMIX) $ 1.00
  • usdbUSDB (USDB) $ 0.995379
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.967688
  • aevo-exchangeAevo (AEVO) $ 0.461172
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.076917
  • g-tokenGravity (G) $ 0.053427
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003818
  • project-galaxyGalxe (GAL) $ 3.22
  • turboTurbo (TURBO) $ 0.005490
  • mx-tokenMX (MX) $ 3.87
  • h2o-daoH2O Dao (H2O) $ 0.454068
  • stader-ethxStader ETHx (ETHX) $ 3,269.59
  • safepalSafePal (SFP) $ 0.780867
  • woo-networkWOO (WOO) $ 0.186030
  • availAvail (AVAIL) $ 0.206119
  • ether-fiEther.fi (ETHFI) $ 2.04
  • compound-ethercETH (CETH) $ 63.56
  • jito-governance-tokenJito (JTO) $ 2.71
  • memecoin-2Memecoin (MEME) $ 0.014771
  • manta-networkManta Network (MANTA) $ 0.885360
  • singularitynetSingularityNET (AGIX) $ 0.527152
  • compound-governance-tokenCompound (COMP) $ 47.45
  • stepnGMT (GMT) $ 0.142113
  • arkhamArkham (ARKM) $ 1.33
  • golemGolem (GLM) $ 0.320873
  • rocket-poolRocket Pool (RPL) $ 15.58
  • corgiaiCorgiAI (CORGIAI) $ 0.000930
  • aragonAragon (ANT) $ 7.92
  • beldexBeldex (BDX) $ 0.047402
  • osmosisOsmosis (OSMO) $ 0.467063
  • blurBlur (BLUR) $ 0.177719
  • superfarmSuperVerse (SUPER) $ 0.690663
  • kusamaKusama (KSM) $ 20.21
  • altlayerAltLayer (ALT) $ 0.132097
  • dymensionDymension (DYM) $ 1.57
  • curve-dao-tokenCurve DAO (CRV) $ 0.252815
  • dashDash (DASH) $ 25.24
  • zilliqaZilliqa (ZIL) $ 0.016004
  • echelon-primeEchelon Prime (PRIME) $ 6.94
  • ponkePONKE (PONKE) $ 0.541245
  • 0x0x Protocol (ZRX) $ 0.344529
  • celoCelo (CELO) $ 0.536753

Bitcoin Price Analysis: Is the BTC Bull Run Over as Bulls Lose 200-Day Moving Average?

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Bitcoin’s price has been dropping aggressively lately, pushing below a significant support level. If a recovery does not happen soon, things can get much worse for the crypto market.

Technical Analysis

By TradingRage

The Daily Chart

As the daily chart demonstrates, Bitcoin’s price has failed to hold above the significant $60K support level and has also broken below the 200-day moving average, located around $58K.

This is an extremely worrying signal, as the 200-day moving average is known to hold the price during Bitcoin bull markets.

Therefore, if the $57K support level fails to prevent a further decline and the price fails to recover back above the 200-day moving average, a much deeper drop will become more probable.

Bitcoin Price Analysis: Is the BTC Bull Run Over as Bulls Lose 200-Day Moving Average?

The 4-Hour Chart

On the 4-hour timeframe, the price has quickly dipped below $57K following the breakdown of the $60K support zone.

Meanwhile, this level is seemingly preventing a deeper decline, and the RSI indicator has also entered the oversold region. These signs are pointing to a potential recovery or at least a pullback toward the $60K level in the short term.

Bitcoin Price Analysis: Is the BTC Bull Run Over as Bulls Lose 200-Day Moving Average?

Sentiment Analysis

By TradingRage

Bitcoin Funding Rates

As the BTC price is dropping aggressively, many market participants are exiting their long positions either willingly or with their stop losses getting hit. Some futures market traders are also opening short positions, as the Funding Rates metric shows.

The Funding Rates indicate whether the buyers or sellers are executing more orders on aggregate. After months of decline, the funding rates are currently negative.

While this is a worrying signal, it might also be considered the first sign of the price finding a bottom, similar to previous instances in which the metric has displayed negative values.

Therefore, while caution is recommended, a short liquidation cascade might also happen in the coming days, which could see the price recover quickly.

Bitcoin Price Analysis: Is the BTC Bull Run Over as Bulls Lose 200-Day Moving Average?

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