Bitcoin Falls Below 50-Week Moving Average for First Time This Cycle as Analyst Projects $38,000 Target

Bitcoin closed below its 50-week moving average this week, the first breach during the current four-year cycle, according to crypto analyst Tony Severino. Historical data show previous breaks below this technical level preceded average declines of 62%, suggesting a potential drop toward $38,000. Momentum indicators have fallen to levels not seen in over 1,250 days, signaling extended weakness.