This is why I think the 200W MA should not be treated as an automatic bear signal.
Losing it on a weekly close is important, but history shows $BTC can spend time below the level before finding its next major move.
The 2022 comparison is useful, but the timeline matters, especially when the EMA and SMA are being mixed together. I would watch the $58K to $66K zone closely. If Bitcoin can reclaim the 200W MA, this breakdown could quickly turn into a major fakeout.
For now, I see it as a key test rather than confirmation that the cycle is over.
#BTC Price Analysis#
Losing it on a weekly close is important, but history shows $BTC can spend time below the level before finding its next major move.
The 2022 comparison is useful, but the timeline matters, especially when the EMA and SMA are being mixed together. I would watch the $58K to $66K zone closely. If Bitcoin can reclaim the 200W MA, this breakdown could quickly turn into a major fakeout.
For now, I see it as a key test rather than confirmation that the cycle is over.
#BTC Price Analysis#