[CryptoQuant: Bitcoin's Trend Resembles the 2022 Bear Market, Market Sentiment Turns Extremely Pessimistic] Odaily Planet Daily News - CryptoQuant stated that Bitcoin's recent trend is similar to the rebound phase of the March 2022 bear market. Market demand remains weak, and sentiment indicators have once again fallen into the 'extremely pessimistic' range. The report pointed out that Bitcoin's recent rebound was blocked near the 200-day moving average at approximately $82,400, subsequently retreating to around $76,000. CryptoQuant believes this trend is similar to March 2022: at that time, after Bitcoin rebounded 43% from its low, it also encountered resistance at the 200-day moving average and re-entered a downward trend. CryptoQuant's Head of Research, Julio Moreno, stated that during a bear market, the 200-day moving average is often the critical dividing line between a 'rebound rally' and 'trend continuation.' If Bitcoin fails to effectively break through this moving average, it could indicate that the bear market structure has not yet been broken.