cryptd.in

Alternatieve LinkedIn voor cryptovriendelijke talenten

Bitcoin Slips Under 200-Day Moving Average – Will The Downtrend Continue?

-

door

cryptd.in
in

Bitcoin (BTC) has dropped 11.3% over the past week, currently trading in the low $80,000 range at the time of writing. The recent decline has pushed the leading cryptocurrency below the 200-day moving average (MA), raising concerns about a potential deeper pullback.

Bitcoin Must Defend This Key Price Level

According to an X post by seasoned crypto analyst Ali Martinez, BTC is now trading below the 200-day MA, a key price level that has historically functioned as a strong support for the top digital asset. 

For the uninitiated, the 200-day MA is a famous technical indicator that essentially represents the average closing price of BTC over the last 200 days to identify the long-term price trend. Historically, a sustained movement above the 200-day MA has led to long-term uptrends while a prolonged price movement below the level has often preceded further declines.

Martinez stressed that BTC must remain above the TD Sequential indicator’s risk line at $79,280. He added that a sustained move above this level could set the stage for a strong rebound to the upside.

ali

The potential for a BTC recovery was echoed by fellow crypto analyst Ted. In a post on X, he pointed out that over the past two years, BTC has frequently undergone 25% to 30% corrections before rebounding to new all-time highs (ATHs). Ted noted:

In 2023, BTC went from $30K to $22K. In 2024, BTC went from $74K to $50K. This year, BTC has dumped from $109K to $79K. We all know what happened after the last 2 major corrections.

ted

If BTC follows a similar pattern and climbs 30% from its current price, it could reach approximately $104,000 in a short period. However, broader macroeconomic factors – such as US President Donald Trump’s trade tariffs and the Federal Reserve’s (Fed) monetary policy – could significantly impact BTC’s trajectory.

BTC Needs To Reclaim $84,000 First

In another post on X, Martinez outlined BTC’s potential path to a new ATH, emphasizing that BTC must first reclaim $84,000 as a support level before any major upside movement. Once this milestone is secured, the digital asset could rally toward $128,000.

Several indicators suggest that BTC may have already found a local bottom, increasing the chances of a trend reversal. Crypto analyst Rekt Capital recently noted that BTC’s plunge to $78,258 could mark the cycle low.

Additionally, the US Dollar Index (DXY) has just recorded one of its largest weekly breakdowns since 2013, a move that historically signals bullish momentum for risk-on assets like BTC. At press time, BTC trades at $80,137, down 3.5% in the past 24 hours.

bitcoin

Reacties

Geef een reactie

Je e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

Nieuwste feeds

Populaire categorieën

nl_NL Nederlands
nl_NL Nederlands en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Zoeken op de website

Populaire verhalen

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrijs (5) #BitcoinPrijsniveau (1) #BitcoinPomp (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCovername (1) #BullishVoorspelling (1) #BullishSentiment (1) #ChineseMijnbouw (1) #CPIPBekijken (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #Cryptomarkt (4) #CryptoVoorspelling (1) #CryptoVoorspellingen (1) #CryptoRegulering (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoOnzekerheid (1) #DerivatiefJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPijn (1) #EthereumPrijs (1) #ExpertOpinie (1) #FedRateCut (1) #FiatValuta (1) #FinanciëleInvloed (1) #FinanciëlePrivacy (1) #FirmShutdown (1) #FrozenRekeningen (1) #IllicitFunds (1) #InflatieData (1) #Investering (1) 1TP5Beleggingsverlies (1) #JapanseFirma (1) #Gerechtelijke actie (1) #Gerechtelijke gevolgen (1) #Wetgeving (1) #Bliksemnetwerk (1) #Mmarktanalyse (3) #Marktmonitoring (1) #MarktVoorspelling (1) #MarktVoorspellingen (1) #MarktProjectie (1) #Marktondersteuning (1) #MarktVolatiliteit (1) #M Huwelijk (1) #MemeCoin (5) #MemeCoins (2) #Mijnwinstgevendheid (1) 1TP5Geld witwassen (2) #MtGox (4) #Noord-KoreaCrypto (1) #NovogratzVoorspelling (1) 1TP5PrijsMijlpaal (1) 1TP5PrijsVoorspelling (2) 1TP5PrijsVraag (1) 1TP5Prijsstijging (1) #PgevangenisVeroordeling (1) #QuantAnalyse (1) #Regeldruk (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TechnischeAnalyse (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashOntwikkelaar (1) #UKCrypto (1) #UpsidePotentieel (1) #USCongres (1) #WyomingLand (1) #XRPrijs (1) #XRPupswing (1)

Handige koppelingen

Links die ik nuttig vond en wilde delen.