Bitcoin's MACD Falls to 2022 Bear Market Levels, Analysts Warn of Possible "Crypto Winter" Bitcoin prices have been under pressure for the past few weeks, even failing to break through the $74,000 mark last week. This seems to indicate that the market is facing a deeper crisis than a failed rebound. Market analyst Tony Severino wrote today that Bitcoin's current price movement is highly similar to that of the 2022 bear market, suggesting that the market may be on the verge of a new round of sharp fluctuations. This judgment is not unfounded, primarily based on the continued deterioration of the LMACD indicator on Bitcoin's two-week chart. As a key indicator for measuring trend momentum, the MACD histogram (green) is currently below the neutral line, and the signal line (red) is showing a continued expansion, indicating that downward momentum is increasing. Severino specifically mentioned that the extent of the MACD indicator's expansion has reached its lowest level since 2022, when the collapse of the Terra (LUNA) ecosystem had a significant impact on the entire cryptocurrency market. Severino also warned that such extreme technical signals often foreshadow "something bad that might be about to happen," suggesting a cryptocurrency winter may be quietly approaching. The similarity between the recent two-week Bitcoin LMACD momentum indicator and the 2022 Luna crash trend undoubtedly serves as a warning to the market. Looking back at historical data, similar bearish signals appeared after the Terra crash in May 2022, where the price of Bitcoin plummeted from over $50,000 to around $30,000 in just two months, a drop of approximately 40%. Although the MACD is a lagging indicator, and the information it reflects may have already been partially priced in by the market, and Bitcoin has already fallen by nearly 30% since 2026, the deterioration of this technical indicator still serves as a warning to investors. As of press time, the price of BTC is around $67,800, with little fluctuation over the past 24 hours. This sideways consolidation may indicate that the market is awaiting new directional guidance. #BTC #MACD