📉 Price update: Bitcoin falls below the 200-week moving average
Bitcoin is trading around $67,100–$67,600, falling below the 200-week simple moving average (200-week SMA) around $67,900–$68,000 for the first time since August 19—the “cycle bottom” for BTC. Sunday’s weekly candle close will be decisive: closing below this line would be a negative structural signal.
Keith Alan (Material Indicators) warned that the weekly RSI has fallen to 41.5; if it loses this level, BTC could revisit $57,700. BTC open interest on Binance is down to just $8.3 billion, its lowest since August 18; $1.26 billion in positions were liquidated over 24 hours, more than 80% of them longs.
ETH has retreated to around $1,900, while the Fear & Greed Index stands at 13 (Extreme Fear). BTC is down about 11% this week and more than 21% year to date—raising the risk of its first back-to-back annual losses in history.
Amid the sea of red, $PIEVERSE bucked the trend, rising 7.97% to around $1.74—the AI coin with a market cap of about $524 million is up nearly 20% in 7 days.
Do you think BTC will hold the 200-week SMA when the weekly candle closes on Sunday?
#CryptoNews #Bitcoin #BTC
📌 This is market information, not investment advice.
Bitcoin is trading around $67,100–$67,600, falling below the 200-week simple moving average (200-week SMA) around $67,900–$68,000 for the first time since August 19—the “cycle bottom” for BTC. Sunday’s weekly candle close will be decisive: closing below this line would be a negative structural signal.
Keith Alan (Material Indicators) warned that the weekly RSI has fallen to 41.5; if it loses this level, BTC could revisit $57,700. BTC open interest on Binance is down to just $8.3 billion, its lowest since August 18; $1.26 billion in positions were liquidated over 24 hours, more than 80% of them longs.
ETH has retreated to around $1,900, while the Fear & Greed Index stands at 13 (Extreme Fear). BTC is down about 11% this week and more than 21% year to date—raising the risk of its first back-to-back annual losses in history.
Amid the sea of red, $PIEVERSE bucked the trend, rising 7.97% to around $1.74—the AI coin with a market cap of about $524 million is up nearly 20% in 7 days.
Do you think BTC will hold the 200-week SMA when the weekly candle closes on Sunday?
#CryptoNews #Bitcoin #BTC
📌 This is market information, not investment advice.
