TradingShot warns Bitcoin could revisit $41,250 after 200-day MA rejection
Bitcoin is showing a technical setup that analysts say resembles the late-stage 2018 bear-market structure, with a potential drop toward the $41,000 area. A TradingShot TradingView post dated May 18 points to a sharp rejection near the weekly 200-day MA around $81,000, alongside the largest bearish weekly candle in nearly two months. Separate Glassnode-based levels shared by Ali Martinez cite resistance at $78,258 and $84,569, with support at $75,733 and $66,898.