Bitcoin (BTC) is currently undergoing one of the “most attractive risk-reward setups in recent cycle history.” This was announced by Spanish analyst Ignacio Moreno de Vicente yesterday, April 8, 2026.
According to experts working at CryptoQuant, A combination of technical indicators suggests historic buying opportunity for BitcoinHowever, this optimism directly conflicts with warnings about the fragility of the global situation.
Based on this premise, Moreno de Vicente argues in his report that “Bitcoin’s stress cycle is nearing its end.” The analysis is based on confluence. sharpe ratio A metric that measures short-term, risk-adjusted investment performance. However, despite the strength of these indicators, the analyst acknowledged that: The path to recovery is not immediate..
For specialists, “patience remains the key word” in the current scenario due to opposing forces acting on prices. he sharpe ratio It shows how much return an investor makes for each unit of volatility supported.
Currently, this measurement “has sunk deep into negative territory, reaching the -40 threshold.” It is usually the level that identifies the point at which prices stop falling.
This -40 threshold has served as an accurate indicator for detecting market bottoms in previous cycles. Moreno de Vicente explained that this point “has historically characterized the intergenerational entry zone.” Each time this ratio has breached this lower limit in the past, such as in 2015, 2019, 2020, and 2023, the asset has experienced a significant revaluation shortly afterward, as seen in the chart.
Spanish analysts claim that the market is in an important accumulation period. extreme negative sharp measurements Occurred before every major bull cycle in the past decade. “We are currently in the exact same area marked by the red circle (on the chart),” the analyst said, suggesting selling pressure has reached its limit.
To complement this vision, the analysis introduces the buy/sell pressure delta, which measures the flow of demand and supply. This process is divided into three stages. First comes «flash» Or a clearing out of panic sellers, then a transition to stability, and finally a recovery in demand. According to Moreno, the cleanup has already taken place. Although actual demand has not yet surged, the market is on the verge of recovery..
In the face of this enthusiasm, contrasting positions arise. That includes opinions from market analyst and trader Willy Wu, who, as reported by CriptoNoticias, introduces a degree of skepticism based on the on-chain model.
Wu points out that these traditional models point to a deeper Bitcoin bottom. in particular, Experts place this technical support at a range of “between $46,000 and $54,000.”.
This price difference has sparked debate among experts about the depth of the current decline. Moreno de Vicente believes there are existing opportunities based on risk and reward; Woo Warns that bear market could get worse. Their concern lies in the possibility of a stock market collapse that would irreversibly depreciate digital assets.
This vision of Mr. Wu is coupled with a fear of negative correlation with traditional finance. If the stock market crashes due to the global economic crisis, Bitcoin may ignore the oversold technical indicators and continue to fall.
