Technically, Bitcoin losing weekly swing levels during its journey toward new all-time highs is nothing unusual. We’ve witnessed similar price action in previous bull markets. These are often referred to as embedded corrections, where the market experiences temporary pullbacks without necessarily ending its broader expansion trend.
The bigger concern would be $BTC losing the 50-week moving average after reclaiming it, together with the weekly swing support around $75K.
Looking at Bitcoin’s 16-year history, we haven’t seen multiple weekly closes below the 50WMA during a bull-market expansion, with the COVID crash being the exception.
If both support levels fail, a deeper correction toward $67K–$70K becomes more likely as the market searches for additional liquidity and potentially forms a higher low.
For now, however, Bitcoin is simply testing one of the strongest support zones on the chart.
Losing a weekly swing pivot alone doesn't signal the end of a bull market. Bitcoin has experienced similar corrections before and eventually gone on to establish new all-time highs.
#BinanceReopensWithdrawalsForHYPE&APT #TradFiForBeginners
The bigger concern would be $BTC losing the 50-week moving average after reclaiming it, together with the weekly swing support around $75K.
Looking at Bitcoin’s 16-year history, we haven’t seen multiple weekly closes below the 50WMA during a bull-market expansion, with the COVID crash being the exception.
If both support levels fail, a deeper correction toward $67K–$70K becomes more likely as the market searches for additional liquidity and potentially forms a higher low.
For now, however, Bitcoin is simply testing one of the strongest support zones on the chart.
Losing a weekly swing pivot alone doesn't signal the end of a bull market. Bitcoin has experienced similar corrections before and eventually gone on to establish new all-time highs.
#BinanceReopensWithdrawalsForHYPE&APT #TradFiForBeginners
