Bitcoin Mirrors 2022 Bear Pattern, Says CryptoQuant #Bitcoin ($BTC ) is following a price structure similar to the March 2022 bear market, according to #on-chain analytics firm #CryptoQuant. Head of Research Julio Moreno published the analysis on May 20. He identified the 200-day moving average near $82,400 as the resistance level that stopped the recent recovery. #BTC rose approximately 37% from its April 2026 lows before stalling at that level and falling to as low as $76,000. In March 2022, BTC posted a 43% recovery from its cycle lows before hitting the same moving average and turning lower. Moreno described a failure to break above the 200-day moving average as "the strongest technical confirmation that the #bear market remains structurally intact."