Is the Bitcoin bull market over? Not according to this analyst

Bitcoin has fallen significantly again after a strong start to 2025. What is going on with the digital currency and the rest of the financial market? While red numbers are everywhere, the US government has also received permission to sell 69,000 BTC.

But shouldn’t Trump introduce a national Bitcoin reserve? Is now the time to panic?

Panic on the market

Unfortunately, Donald Trump currently has little influence over the US government’s Bitcoin holdings. It could well be that Joe Biden’s administration wants to give him one last blow and sell off a large portion of the BTC holdings.

In any case, the US government has given the green light to quickly bring 69,000 BTC worth $6 billion onto the market.

This is obviously causing panic in the market, but other areas are also not doing well at the moment. ETFs, for example, recorded an outflow of $569.1 million and the sentiment is becoming increasingly negative.

For the first time since March 2024, we are also seeing sellers dominate the market again. Back then, this led to a price peak of $73,800 for BTC. Is the bull market already over?

Analysts remain optimistic

Popular analyst Mikybull says we don’t have to worry about BTC at the moment .

He points to a list of signals that usually occur before Bitcoin reaches its absolute peak. Of the 30 top indicators, including the Puell Multiple, 22-day RSI, BTC dominance, and MVRV ratio, none have yet peaked this cycle.

“Every decline is an opportunity to prepare for the gigantic rally that is coming,” said Mikybull.

This sounds convincing, of course, but what Mikybull says is not entirely correct. There is no guarantee that BTC will reach the highs of the indicators he mentioned again.

These indicators only show where a peak would be expected if the bull market continues for a longer period of time. However, if this is not the case, for example due to macroeconomic developments, these indicators are of little help.

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Margharet Tess

Editor, Developer at Cryptheory Labs

I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com

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