Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

2 hours ago

After closing the week beneath a important enactment level, Bitcoin (BTC) has fallen beneath the $65,000 enactment for the archetypal clip since the aboriginal February crash, reaching a two-week debased of $64,152.

Amid this performance, immoderate analysts person warned that the flagship crypto could beryllium connected the “cusp of bearish acceleration,” informing that different large clang could beryllium astir the corner.

Bitcoin Loses The 200-Week EMA

On Monday, expert Rekt Capital highlighted that Bitcoin produced a “historically pivotal” improvement aft closing past week beneath the 200-week Exponential Moving Average (EMA), which presently sits “at the halfway of a large confluence zone.”

Notably, the 200-week EMA aligns with BTC’s Post-Halving Re-accumulation Range highs, located betwixt $66,000-$71,000. Meanwhile, the Post-Halving Re-accumulation Range lows, astir the $58,000-$60,000 levels, specify the broader operation of BTC’s existent range.

Over the past 3 weeks, the cryptocurrency attempted to make a request portion astir this area, which was antecedently a large proviso area. However, this level hasn’t historically been a structurally reliable enactment for BTC’s price, the expert asserted, noting that it has antecedently acted arsenic a 10-month resistance.

“In the existent structure, we person seen 3 consecutive weeks of elevated sell-side measurement successful this region, with constricted meaningful buy-side response,” helium explained.

Per the post, this imbalance has led to a play adjacent beneath the 200-week EMA, losing it arsenic enactment successful this timeframe. This suggests that a “continuation of Bearish Acceleration into its 2nd wave” could travel soon.

The expert cautioned that present that terms has closed the week beneath this captious level, determination is simply a “strong probability that Bitcoin presses backmost toward the underside of that EMA to effort turning it into caller resistance.”

If the underside retest holds, the operation would displacement from defending the enactment to confirming the absorption astatine this level. He warned that if that level begins to enactment arsenic resistance, downside continuation volition go progressively probable.

BTC’s Bottom Targets $30,000

Rekt Capital besides noted that BTC’s caller show aligns intimately with its terms enactment successful anterior cycles. As helium detailed, successful 2018 and 2022, a play adjacent beneath the 200-week EMA acted arsenic a structural trigger to the 2nd question of bearish acceleration.

“Bitcoin would effort to reclaim the level, crook it into resistance, and past dissipate lower. That signifier is present attempting to replicate itself,” helium asserted.

Similarly, Ali Martinez pointed to the cryptocurrency’s humanities performance, but connected the three-day chart, affirming that this has been 1 of BTC’s cardinal timeframes from a macro perspective.

According to Martinez’s post, marketplace observers indispensable ticker the upcoming enactment of the 50-day and 200-day Simple Moving Averages (SMAs), arsenic the crossover betwixt these 2 indicators connected the three-day timeframe has historically preceded the last limb down of the carnivore market.

Bitcoin dropped astir 50%-72% from its 2013, 2017, and 2021 rhythm tops earlier its decease crosses took spot successful precocious 2014 and 2018, and mid 2022. Following the 50-day and 200-day SMAs crossovers, the flagship crypto experienced different 45%-52% decline.

Now, BTC has fallen much than 52% from its October 2025 highest and is approaching a potential decease transverse connected the three-day illustration by the extremity of February. “If past repeats — adjacent partially — this could awesome the opening of the last limb down of this cycle,” the expert warned.

Based connected this, Martinez predicted that different 30%-50% correction from existent levels could follow, placing the cryptocurrency’s people adjacent the $30,000-$40,000 supports. “If the transverse confirms, it becomes a level to instrumentality precise seriously,” helium concluded.