$BTC just fell below its 200-week moving average — a level that historically acts as a long-term support anchor during bull cycles.
This isn't just noise. The 200W MA has been a reliable floor in past cycles, and breaking below it signals we're in deeper correction territory than most anticipated.
The phrase "endless dump" captures the sentiment right now: no clear bottom, no obvious bounce catalyst, just relentless selling pressure. Whether this is capitulation or the start of a longer grind lower depends on whether macro liquidity tightens further or if we see coordinated central bank pivots.
For now, the technicals are screaming caution. Watching for reclaim of this level or further breakdown into the next support zone.
This isn't just noise. The 200W MA has been a reliable floor in past cycles, and breaking below it signals we're in deeper correction territory than most anticipated.
The phrase "endless dump" captures the sentiment right now: no clear bottom, no obvious bounce catalyst, just relentless selling pressure. Whether this is capitulation or the start of a longer grind lower depends on whether macro liquidity tightens further or if we see coordinated central bank pivots.
For now, the technicals are screaming caution. Watching for reclaim of this level or further breakdown into the next support zone.
