Bitcoin Risks Deeper Slide Toward $40,000 as 50-Week SMA Break Flashes Caution

Bitcoin failed to clear $90,000 this week and slipped below its 50-week SMA, a level analysts watch for trend shifts. Ali Martinez noted past breaches preceded average 54% declines, implying risk toward $40,000 if the level is not reclaimed. On-chain metrics signaled weak demand, and a brief Binance USD1-pair plunge to $24,111 was described as a liquidity event.