{"id":95035,"date":"2026-03-08T14:14:27","date_gmt":"2026-03-08T11:14:27","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95035"},"modified":"2026-03-08T14:15:15","modified_gmt":"2026-03-08T11:15:15","slug":"analyst-highlights-reduced-likelihood-of-deep-bitcoin-correction","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analyst-highlights-reduced-likelihood-of-deep-bitcoin-correction\/","title":{"rendered":"Analyst Highlights Reduced Likelihood of Deep Bitcoin Correction"},"content":{"rendered":"<p>The cryptocurrency market rally in 2024 has been less pronounced than in previous cycles. Considering this, the likelihood of a deep bear market is also reduced, according to MN Trading founder Micha\u00ebl van de Poppe.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is a funny chart.<\/p>\n<p>The previous bull run in 2024 on <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> has been significantly shallow.<\/p>\n<p>It means that we haven&#8217;t seen the upside volatility that we almost always get: heavy upwards returns and a parabolic curve.<\/p>\n<p>Given that we haven&#8217;t seen that, the likelihood of a\u2026 <a href=\"https:\/\/t.co\/v2aLfLkLip\">pic.twitter.com\/v2aLfLkLip<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/2030315789384138865?ref_src=twsrc%5Etfw\">March 7, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the recent bull phase did not witness a sharp rise in Bitcoin&#8217;s price, accompanied by &#8220;high returns and parabolic curves on the charts.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Since all indicators are currently at their lows, now is indeed a great time to take a bullish position and expect markets to shift to a positive trend over the next 12-24 months,&#8221; added van de Poppe.<\/p>\n<\/blockquote>\n<p>According to the analyst known as Darkfrost, amid increased volatility in recent weeks, some market participants &#8220;remain calm and simply observe.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca While volatility is in full swing across the markets and everyone seems to be reacting, some participants remain calm and simply observe. <\/p>\n<p>According to Coin Value Days Destroyed, long term holders (LTHs) have become very inactive and appear to prefer holding their Bitcoin\u2026 <a href=\"https:\/\/t.co\/oCjG6qhwlf\">pic.twitter.com\/oCjG6qhwlf<\/a><\/p>\n<p>\u2014 Darkfost (@Darkfost_Coc) <a href=\"https:\/\/twitter.com\/Darkfost_Coc\/status\/2030327569078202785?ref_src=twsrc%5Etfw\">March 7, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Coin Value Days Destroyed (CVDD) metric indicates that long-term holders (LTH) have become extremely inactive and prefer to hold rather than sell Bitcoin.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Like Coin Days Destroyed (CDD), which measures the number of days coins are held, CVDD adds a value component to the formula. This allows assessing whether LTH activity has a significant impact on the market,&#8221; explained the expert.<\/p>\n<\/blockquote>\n<p>With the current CVDD value around 0.34, the value spent by long-term holders is comparable to bear market levels. During downturns, this category of investors prefers a HODL strategy.<\/p>\n<p>According to Darkfrost&#8217;s observations, local peaks formed during the last cycle when CVDD exceeded 2 \u2014 a level reflecting significant sales by LTH.<\/p>\n<h2 class=\"wp-block-heading\">Key Level<\/h2>\n<p>Alphractal founder Joao Wedson believes it is crucial for the leading cryptocurrency to maintain the $63,700 level.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin cannot lose $63,700 \u26a0\ufe0f<\/p>\n<p>If this key on-chain level breaks, it could trigger a new downside move in the market.<\/p>\n<p>The next risk levels would be:<\/p>\n<p>\u2022 $57,000<br \/>\u2022 $52,400<br \/>\u2022 $48,700 (worst-case scenario)<\/p>\n<p>It is important to note that these levels are dynamic and update daily,\u2026 <a href=\"https:\/\/t.co\/nnMojP9PqZ\">pic.twitter.com\/nnMojP9PqZ<\/a><\/p>\n<p>\u2014 Joao Wedson (@joao_wedson) <a href=\"https:\/\/twitter.com\/joao_wedson\/status\/2030339723714331105?ref_src=twsrc%5Etfw\">March 7, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If this mark fails, Bitcoin risks falling further. The analyst calculated the following critical Fibonacci indicators:<\/p>\n<ul class=\"wp-block-list\">\n<li>$57,000;<\/li>\n<li>$52,400;<\/li>\n<li>$48,700 (worst-case scenario).<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;These values are dynamic and update daily, adjusting based on investor behavior. When the market loses key structural levels, it often marks the beginning of a new phase of redistribution,&#8221; added Wedson.<\/p>\n<\/blockquote>\n<p>Analyst Willy Woo <a href=\"https:\/\/x.com\/willywoo\/status\/2030446908725195236\">emphasized<\/a> that despite Bitcoin&#8217;s local <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-fails-to-hold-above-70000\">deviation from $70,000<\/a>, investor inflows have been steadily recovering since mid-February.\u00a0<\/p>\n<p>Simultaneously, expected volatility (VIX) in the stock market hints at a shift to a &#8220;risk-on&#8221; strategy in the coming weeks.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Bitcoin fell too quickly, considering the early stage of the bear market and current conditions,&#8221; noted Woo.<\/p>\n<\/blockquote>\n<p>The expert believes the crypto market will resume growth by the end of April, but this depends on liquidity inflows.\u00a0<\/p>\n<p>As reported by CryptoQuant, the <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-labels-bitcoins-surge-a-temporary-rebound\">rise<\/a> of Bitcoin to $74,000 was considered a short-term rebound, not the start of a new bull market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market rally in 2024 has been less pronounced than in previous cycles. Considering this, the likelihood of a deep bear market is also reduced, according to MN Trading founder Micha\u00ebl van de Poppe.<\/p>\n","protected":false},"author":1,"featured_media":95036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"2024 crypto rally less significant than previous cycles, reducing deep bear market likelihood.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1145,1138],"class_list":["post-95035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-market-analysis","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"128","promo_type":"1","layout_type":"1","short_excerpt":"2024 crypto rally less significant than previous cycles, reducing deep bear market likelihood.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95035"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95035\/revisions"}],"predecessor-version":[{"id":95037,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95035\/revisions\/95037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95036"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}