According to Cryptoquant.com, Bitcoin recent price is aligning to historical bear market rally traits. Researchers has shown that the coin is climbing significantly toward 21% followed by 18% decline that confirm the entry of bear market.  The latest price pattern of bitcoin is observed during the downturn in 2022, when there were similar rallies failed near the exact technical threshold.

It has been on notice that bitcoin is approaching the price range but has not reclaim the 365 days moving average that is currently hitting $101,000. The market has significantly created a long standing regime, but with past bear cycles often time seeing price rejection.