Introduction

With just weeks to go until the close of 2025, the cryptocurrency market continues to be mired in a range/fall zone that many experts have labeled as the restart of a strong downtrend that would take all cryptocurrencies to unimaginable depreciation.

Positions seem to be divided, this if we consider that most retail investors are projecting massive buying of both Bitcoin and alternative cryptocurrencies at the close of 2023 and early January 2024.

At the technical level, adverse scenarios have been developing that give the impression that they would not favor the recovery of the crypto market at the end of the year, since the bearish crossover between the 20-day and 200-day exponential moving averages has appeared again, an action that may cause the Bitcoin to fall below $80,000.

Beyond the adverse scenarios, from my perspective I believe that in the coming weeks the price action will bounce back and we will remain in the bullish range that we have been developing during all the months of 2024.

The downturn in the crypto market has also affected the classic financial markets, so a financial rally on a global scale is more likely than a downturn that would hit the already depleted world economy.

OBSERVATION:

The cover image was designed by the author: @lupafilotaxia, incorporating image background: Author: Criptonoticias