Bitcoin’s recent price rebound may be echoing a familiar pattern from the 2022 bear market, despite gains of more than 20%, according to new research from on-chain analytics firm CryptoQuant.
In its latest weekly report, CryptoQuant said Bitcoin has risen about 21% since late November, climbing from lows near $80,500 to around $95,000. However, the firm warned that the move resembles a «bear market rally» rather than the start of a sustained recovery.
Analysts pointed to Bitcoin’s failure to reclaim its 365-day moving average, currently near $101,000, as a key risk factor. In previous cycles, including 2022, BTC rallied sharply after dropping below this long-term trendline, only to be rejected and continue lower. CryptoQuant noted that a similar setup is now forming, raising the possibility of further downside in 2026 if resistance is not broken.
The report also highlighted rising Bitcoin inflows to exchanges, with a seven-day average of about 39,000 BTC—the highest level since November 2025. Increased exchange inflows are often seen as a sign of growing selling pressure.
While short-term price strength has boosted market optimism, CryptoQuant cautioned that both technical and fundamental indicators continue to suggest Bitcoin remains in a broader bear market phase.
Kursiv Uzbekistan also reports that Taiwan has reached a new trade agreement with the United States that significantly lowers tariffs on its exports, a move welcomed by Taipei but criticized by Beijing.
