Bitcoin Price Analysis: CryptoQuant Analysts Flags 827,783 BTC Sell-off Pattern

Bitcoin price tumbled 3% on Tuesday as investors turned cautious ahead of the US Fed meeting. The sudden dip triggered widespread liquidations, erasing earlier bullish momentum that had kept BTC near $84,000.

CryptoQuant analysts warn that continued selling pressure could extend Bitcoin’s correction, with downside risks pointing toward $78,000.

Bitcoin (BTC) tumbled 3% as bearish speculations swirl ahead of US Fed Meeting

Bitcoin (BTC) wobbled on Tuesday triggering cascading liquidation across the derivatives markets. Having held steady around the $84,000 level since the start of the week, supported by bullish tailwinds from positive events like Microstrategy listing $500 million worth of shares for sale to fund further BTC purchases.

BTC price succumbed to bearish pressure on Monday. However, bearish narrative overshadowed the market discourse Tuesday, especially with investors already leaning cautious  ahead of the US Fed rate decision expected on Wednesday.

CryptoQuant analysts say Bitcoin bear market could last 6 to 12 months

CryptoQuant analysts warn that Bitcoin faces a potential bear market lasting six to twelve months, unsettling the cryptocurrency’s community. The firm’s CEO Ki Young Ju first alerted the community to a stern prediction.

#Bitcoin bull cycle is over, expecting 6–12 months of bearish or sideways price action.

– Ki Young Ju, CryptoQuant CEO, March 18, 2025

In response to this comment, another Cryptoquant analyst Maartun flagged a previous past trading pattern where long-term holders dumped 827,783 BTC in December 2024.

This traction occurred just before the ongoing correction phase began after Trump’s inauguration in January. A repeat of the pattern could see BTC struggle for momentum in the months ahead.

Optimism from MicroStrategy’s announcement of a $500 million share sale to boost its BTC reserves, had kept Bitcoin prices near $84,000 until the sharp reversal on Tuesday.

CryptoQuant’s CEO Aarun states bluntly, “Mass sales by long-term holders signal a major shift, not a minor blip.”

With the US Federal Reserve’s rate decision looming on Wednesday, uncertainty intensifies. Investors now confront the reality that this decline may mark the start of a prolonged bearish phase, not a brief dip.

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Bitcoin Price Forecast: BTC Risks Drop to $78,000 as Momentum Weakens

Bitcoin price forecast shows continued weakness, trading at $82,090 after a 2.28% drop, with downside risks increasing as BTC fails to break resistance at $84,217. The 50-day and 100-day SMAs at $92,215 and $95,582, respectively, indicate a bearish trend, while the green trend-line offers last support before a potential breakdown.

The negative Balance of Power (BBP) at -2,959 suggests sellers remain in control, with persistent selling pressure preventing a meaningful rebound. If BTC loses support at $80,000, the next key level to watch is $78,000, where bulls could attempt to regain momentum. A sustained drop below this level may accelerate losses towards $75,000.

On the flip side, a break above $84,217 could signal a shift in sentiment, opening the door for a rally towards $88,000. However, with BTC trading below key SMAs and BBP deep in the red, the bearish outlook remains dominant unless a strong buying surge reverses the trend. The upcoming Fed rate decision will likely determine BTC’s next major move, with volatility expected to increase in the short term.