TechFlow News: On February 1, cryptocurrency analyst PlanB posted on X stating that Bitcoin closed January at $78,635—approximately 38% below its all-time high. Bitcoin’s current 200-week moving average stands at roughly $58,000, while its realized price is approximately $55,000 and trending downward. Additionally, the RSI has fallen below 50, entering the “bearish zone” as defined by PlanB’s model. Historically, Bitcoin tends to decline toward either its 200-week moving average or its realized price during bear markets. However, PlanB noted that momentum in this bull cycle has been relatively weak, with no strong topping signals observed—suggesting the subsequent bear market correction may be comparatively limited in magnitude.
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