Bitcoin’s Possible Comeback: Could the Bear Market Be a Thing of the Past?

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Ah, Bitcoin. The cryptocurrency that has become as volatile as my Aunt Edna’s moods during family gatherings. Just last week, prices took a nosedive, plummeting over 8% and sending investors into a state of collective panic that could rival a cat caught in a room full of rocking chairs. Why, you ask? Well, it seems institutional investors are repositioning themselves like a bunch of chess pieces on a board, while precious metals are getting all the attention, much like the popular kid in school. And let’s not forget the good ol’ Federal Reserve, who decided to leave interest rates unchanged, much to the dismay of everyone with a wallet. 

The situation is so dire that the Fear & Greed Index is sitting at a pitiful 16. Yes, folks, we’re talking about a market drowning in extreme fear, resembling a horror movie where every character makes the dumbest decisions possible. But, hold onto your hats, because there’s a glimmer of hope on the horizon. Recent on-chain analysis suggests that Bitcoin might be getting ready for a turnaround. 

Hold! Bitcoin Market Winter Almost Over – Analyst

According to market analysts Michaël van de Poppe and James Easton-who must have fancy degrees in fortune-telling at this point-the Bitcoin MVRV Z-Score is hinting that the bear market that has been gnawing at our wallets for the past four months might be nearing its end. After peaking at a whopping $126,000 in early October, BTC has since felt the pressure of selling, bouncing back to the $80,000 mark like a ball that just can’t seem to stay down. 

Now, if you’re wondering what on earth MVRV means, it’s essentially a fancy way of measuring Bitcoin’s current market value against the average price at which coins were last moved. When paired with the Z-Score, it tells us just how far the market value is straying from the realized value, expressed in standard deviations-because metrics always sound more credible when you throw in some fancy math terms. This score helps determine if Bitcoin is having a moment of brilliance or if it’s just a shadow of its former self. 

According to James Easton, Bitcoin’s current Z-Score is lower than during the bear markets of 2015, 2018, 2020, and 2022, suggesting our dear digital asset is trading at levels of undervaluation that we haven’t seen in a while. Even though the dip from the all-time high hasn’t been as dramatic as previous cycles, Van De Poppe assures us that the data indicates we’re approaching the bear market’s final curtain call. So, grab your popcorn, folks; this show might just have a sequel! 

This analysis hints that BTC may soon make a comeback, with targets set at a hopeful $90,000 and an ambitious $97,500. Fingers crossed, or maybe just clasped in prayer would do.

More Reasons To Be Bullish – Van De Poppe

In another thrilling installment of “What’s Happening With Bitcoin?” Michaël Van De Poppe shared some extra tidbits pointing towards a budding recovery. He noted that the last time the RSI (Relative Strength Index) on the BTC/Gold chart dipped below 30, it marked the end of the last Bitcoin market, which sounds eerily like a plot twist in a bad thriller. Also, gold recently hit a new all-time high of $5,600, making it the star of the financial show while Bitcoin tries to steal the spotlight. Remember, a crypto mega rally followed the last time the gold market pulled such a stunt, so stay tuned! 

As of now, BTC is valued at around $83,645, with a daily trading volume that’s climbing to a staggering $72.31 billion. Yes, billion with a ‘B’. It’s enough to make anyone feel slightly dizzy just thinking about it.

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2026-01-31 19:18