Feb 1 — Crypto analyst PlanB posted that Bitcoin closed January at USD 78,635, approximately 38% below its all-time high. The current 200-week moving average stands at around USD 58,000, while the realized price is approximately USD 55,000 and trending downward. Meanwhile, the RSI has fallen below 50, entering what his model defines as the “bear market zone.”
PlanB noted that historically, Bitcoin often retraces to the 200-week moving average or the realized price during bear markets. However, due to relatively weak momentum in the current bull cycle and the absence of a strong top signal, the potential downside may be relatively limited.