Bitcoin Extends Losses for a Fifth Consecutive Week 📉
Bitcoin has now closed lower for five straight weeks, as weakness in AI and semiconductor stocks continues to weigh on broader risk assets, including crypto.
Recent market volatility triggered over $1 billion in crypto liquidations, while Bitcoin traded around the $75K-$76K range, remaining caught between key support and resistance levels.
Key Market Drivers
🔹 AI and chip stocks suffered heavy losses, increasing risk-off sentiment.
🔹 Bitcoin ETFs recorded notable outflows as investors reduced exposure.
🔹 Strong U.S. economic data boosted expectations of tighter monetary policy, creating additional pressure on crypto markets.
Levels to Watch
✅ $81,800 - 50-Day Moving Average
✅ $75,000-$77,000 - Important support zone
✅ $73,200 - 200-Day Moving Average
✅ $90,000 - Potential upside target if support holds
Outlook
Although market sentiment remains cautious, funding rates have normalized and heavy short positioning could create conditions for a relief rally. The next major catalyst will likely come from upcoming U.S. inflation data and broader market sentiment.
#bitcoinfiveweeklylosses $BTC
Directly Trade From Here👇
Bitcoin has now closed lower for five straight weeks, as weakness in AI and semiconductor stocks continues to weigh on broader risk assets, including crypto.
Recent market volatility triggered over $1 billion in crypto liquidations, while Bitcoin traded around the $75K-$76K range, remaining caught between key support and resistance levels.
Key Market Drivers
🔹 AI and chip stocks suffered heavy losses, increasing risk-off sentiment.
🔹 Bitcoin ETFs recorded notable outflows as investors reduced exposure.
🔹 Strong U.S. economic data boosted expectations of tighter monetary policy, creating additional pressure on crypto markets.
Levels to Watch
✅ $81,800 - 50-Day Moving Average
✅ $75,000-$77,000 - Important support zone
✅ $73,200 - 200-Day Moving Average
✅ $90,000 - Potential upside target if support holds
Outlook
Although market sentiment remains cautious, funding rates have normalized and heavy short positioning could create conditions for a relief rally. The next major catalyst will likely come from upcoming U.S. inflation data and broader market sentiment.
#bitcoinfiveweeklylosses $BTC
Directly Trade From Here👇
