Bitcoin saw two long-term moving averages cross for the first time since April 2022 in a fresh BTC bear market warning.
Bitcoin (BTC) bearish comparisons grow as BTC weekly price chart repeats from April 2022.
Key points:
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Two long-term BTC price trend lines are setting up a bearish crossover for the first time since April 2022.
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The last time bitcoin took about seven months before hitting a long-term bottom.
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Against silver, BTC is already at the lows of the 2022 bear market.
Bitcoin’s “bull market” moving averages are turning bearish
New market coverage from trader and analyst Rekt Capital reveals a bearish crossover involving two key BTC/USD trend lines.
Bitcoin is raising fresh questions about the new bear market that is starting after its 21-week exponential moving average (EMA) crossed below its 50-week equivalent.
The event, which ended at the last weekly close of the candle, last occurred in April 2022.
“The Bitcoin Bull Market EMA has officially crossed,” Rekt Capital confirmed on Monday.
2022 was the last true bear market year for Bitcoin, coming on schedule according to a four-year price cycle. It took BTC/USD until November to find a macro bottom, which was $15,600 — a level that has never been challenged since.
The EMA cross has now been activated for the first time in four years, giving weight to 2026 in a four-year pattern and creating a textbook bear market.
As reported by Cointelegraph, despite debates about the validity of the four-year cycle given the weak price action in the fourth quarter of 2025, the bottom targets include a battle for $65,000.
BTC vs Silver Reflects 2022 FTX Bear Market Bottom
Continuing the 2022 theme, trader Daan Crypto Trades drew attention to Bitcoin’s overall weakness against precious metals — especially silver.
Related: BTC’s ‘bottom price phase’ ends: Five things to know about Bitcoin this week
In terms of silver, BTC is now back to the levels seen at the end of its last bear market, when the collapse of major crypto exchange FTX caused a massive drop in cryptocurrencies.
“$BTC is now trading at FTX collapse levels against $SILVER,” Daan Crypto Trades told X followers on Tuesday, calling the chart “crazy.”
“Silver also took about half the time to make this move, compared to BTC’s entire bullish trend this cycle. We are reaching 2017-2020 levels on the BTC/Silver ratio.”
The post acknowledges that both Bitcoin and silver have made big gains in US dollars since that time, regardless of current ratio readings.
“Which also just goes to show what the real reason for these moves is. Depreciation in fiat,” it concluded.
Earlier this month, an analysis claimed that Bitcoin had already lost the battle to beat gold as a hedge against falling fiat currencies.
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