Odaily Planet Daily News: Crypto analyst PlanB posted on the X platform that Bitcoin closed January at $78,635, down about 38% from its all-time high. The current Bitcoin 200-week moving average is around $58,000, with the realized price approximately $55,000 and trending downward; meanwhile, the RSI has fallen below 50, entering the “bear market zone” as defined by its model. Historically, Bitcoin has a tendency to retreat to the 200-week moving average or near the realized price during bear markets. However, it also points out that the current bull market has relatively weak momentum, with no strong top signals, so subsequent bear market retracements may be relatively limited.
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