Bitcoin Trades Below 200-Week EMA at $95,000, Analysts Warn of Potential Drop to $75,000
Bitcoin is trading around $95,000 after falling below the 200-week Exponential Moving Average, a historically significant support level, analysts including Rekt Capital said. A confirmed weekly close below the 200-week EMA could turn this zone into resistance and strengthen bearish sentiment, with previous breaches coinciding with sharper declines. If the pattern repeats, Bitcoin could extend losses toward $83,000 or $75,000, and market participants are watching whether price holds below the indicator as the current weekly candle forms.