$BTC Market Update

BTC
BTC
65,655
-2.58%

The $75,000 zone we flagged earlier was a crucial support level for Bitcoin. Once BTC broke below it, downside momentum accelerated, quickly pushing price toward the $60,000 range—matching the levels we had previously mapped.

This break invalidated the larger-timeframe higher high / higher low structure, opening the path for a sharper decline. Currently, Bitcoin is trading below both the 20-week and 50-week moving averages, keeping weekly momentum weak.

As long as BTC stays under these MAs, any upward moves should be considered relief rallies, not a true trend reversal. Looking ahead, the next major demand zone sits near the 200-week MA and historical cycle support around $50K, which has historically served as a reset point during deep corrections.

Roadmap:

Reclaim $75K first, then $100K → structural recovery begins

Stay below key MAs → risk remains for a deeper move toward $50K 📉📊

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