Market analyst Ansem has voiced concerns about current cryptocurrency trends, citing a notable pattern of decline in major digital currencies like XRP, SOL, and ETH. His analysis draws parallels to the 2021 performance of Litecoin (LTC), where similar swing failure patterns were observed. Ansem noted Bitcoin’s price dropping below its 2024 high, indicating that the market may not be entering a bullish phase. He suggests a weakening momentum, with declining prices and a nearing end to a significant distribution phase. Notably, Ansem highlights MicroStrategy (MSTR) has fallen below its 200-day moving average after peaking in November 2024, presenting resistance for the market’s movement.