Bitcoin 
$96,065.54 It left a deep mark in the market memory by breaking the critical support zone on the weekly chart. The largest cryptocurrency, which lost nearly 10 percent of its value in a seven-day period, fell below the 50-week simple moving average, making the validity of the “buy the dip” strategy, which has been in place since 2023, questionable. The deterioration in technical indicators weakened investors’ buying confidence and caused sales pressure to increase again.
Bitcoin’s 50-Week Balance Breakdown
CryptoAppsy According to data, Bitcoin’s 50-week average level has been working as a dynamic support for a long time. Every time the price approached this line, buyers stepped in, bringing new peaks. However, the price falling clearly below this line at the last weekly close means that a strong demand zone is no longer valid. The prevailing upward trend in the market has been replaced by a cautious course and concerns about a possible long-term correction.
Technical analysts believe this breakdown transition to downtrend states that it increases the probability. In particular, the old support at $102,868 has now become a new resistance zone. If the price does not close above this barrier weekly, selling waves are expected to continue. The uneasiness experienced by the market at its psychological breaking point led to the reconsideration of risk management strategies.
A Strategy-Like Scenario?
Bitcoin’s technical outlook Strategy It is similar to the decline in stocks. The sales wave, which started when the company fell below the 50-week average in September, pushed the share price back to October 2024 levels. Analysts assess that Bitcoin faces a similar erosion of trust.
According to market observers, breaking this average, which is the psychological threshold of long-term investors, changes their strategic behavior. The “buy at the bottom” approach may be replaced by the “sell on the rise” trend. This may weaken price stability in the short term and cause capital flows to direct towards cautious areas. It is emphasized that a strong close on the weekly chart is essential for Bitcoin to regain upward momentum.
