# SMA50 Related Articles

Bitcoin Bear Market: 2021-2022 Weak Market Structure Resurfaces — Details

Bitcoin recently broke above $90,000, reaching near $94,700 before facing rejection and consolidating between $90,000–$92,000. Analyst OnChain identifies structural weakness resembling the 2021–2022 bear market, using indicators like anchored VWAPs, SMA50, realized price for UTXOs aged 6–12 months, and declining apparent demand. Currently, BTC trades below key levels around $98,000–$101,000, which now act as major resistance. Similar to the previous cycle, this suggests a prolonged weakening phase rather than a short correction. Bitcoin’s apparent demand continues to fall, indicating weak buying pressure. Despite a minor 0.58% daily drop to $90,500, potential positive factors like the Clarity Act remain uncertain.

bitcoinist01/10 19:02