PlanB: BTC enters a bear market range or dips to $55,000–$58,000, but this round may be a shallow bear

Cryptanalysis expert PlanB posted on the X platform that Bitcoin's price closed at $78,635 in January, down about 38% from its all-time high. The current 200-week moving average for Bitcoin is approximately $58,000, with the realized price around $55,000 and showing a downward trend; at the same time, the RSI has fallen below 50, entering the "bear market zone" defined by its model.

Historically, there is a possibility for Bitcoin to retreat to the vicinity of the 200-week moving average or the realized price during bear market phases. However, it also pointed out that the momentum in this bull market phase is relatively weak, and no strong top signals have appeared, so the subsequent bear market pullback may be relatively limited.