Coinbase Researcher Identifies Emerging Long-Term Crypto Bear Market
- David Duong, global head of research at Coinbase, highlights bearish trends for Bitcoin (BTC) and the Coinbase 50 Index (COIN50).
- The 200-day moving average for both BTC and COIN50 has been broken, indicating potential long-term bearish trends.
- A decline in the total crypto market cap and venture capital funding aligns with signs of a potential crypto winter.
- A bullish reversal might occur between July and September if a bear market sets in.
David Duong from Coinbase notes that both Bitcoin and the COIN50 index have fallen below their respective 200-day moving averages, suggesting possible long-term bearish trends in the crypto market.
Source (2.6)https://dailyhodl.com/2025/04/17/hints-of-long-term-crypto-bear-market-showing-up-according-to-coinbase-analyst/?rand=59076
