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Warning Signals: Bitcoin 365-Day Moving Average At Risk of Collapse
The cryptocurrency market is currently facing significant bearish pressure, with Bitcoin (BTC) struggling to reclaim previously crucial support levels. Recent data from CoinGecko indicates that Bitcoin has retraced nearly 6% over the past week, a decline that has impacted other major cryptocurrencies, including Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL), all of which have experienced double-digit losses during the same period. Galaxy Digital Lowers Bitcoin Price Target This downturn marks a stark contrast to the bullish sentiment observed earlier in October, when Bitcoin surged to record its current record high slightly above the $126,000 mark due to a wave of margin buying. However, the euphoria was short-lived, as approximately $20 billion in leveraged positions across the crypto market were abruptly liquidated just days later on October 10, contributing to the ongoing lack of confidence among investors. Michael Novogratzâs Galaxy Digital recently revised its year-end Bitcoin price target down to $120,000, a significant cut from the previous estimate of $185,000, attributing this adjustment to the âsignificant leverage wipeout.â Related Reading: Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana Market analytics firm CryptoQuant has pointed out that Bitcoinâs drop below its 365-day moving average near $102,000 could signal a deeper retreat. This moving average has historically acted as a critical support level during this bull cycle, and its failure to hold could lead to a more substantial correction in Bitcoinâs price. In their analysis, CryptoQuant experts elaborated on the conditions necessary for Bitcoin to reverse its current trajectory and potentially reach new all-time highs. They observed that Bitcoin led a global risk-off movement, testing the critical $100,000 support level. This decline was influenced by a stronger dollar and ongoing uncertainties regarding Federal Reserve (Fed) policy, which have dampened broader risk appetites across various asset classes. Notably, there have been four consecutive sessions of approximately $1.3 billion in net outflows from US spot BTC ETFs, reversing what had been one of the strongest tailwinds for the market in 2025. This diminished demand in the spot market has coincided with forced deleveraging, resulting in over $1 billion in long liquidations at recent lows, which briefly breached intraday support before dip buyers stepped in. Stabilization Of ETF Flows Crucial The options market has further intensified volatility, as dealers remain net short gamma around the $100,000 strike, leading to increased hedging activity near this critical level. The $100,000 mark now stands as a psychological barrier, and any stabilization in ETF flows could shift market sentiment, provided no new macroeconomic shocks occur. On the macroeconomic front, the analysts assert that the current environment remains supportive, albeit clouded by the ongoing government shutdown in Washington. However, policy clarity remains elusive. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Federal Reserveâs recent 25 basis point cut in October, which included some dissenting opinions, was accompanied by a cautious tone that pushed back against expectations for another cut in December. Markets are currently pricing in a 60-65% chance of a follow-up move, but as the Fedâs blackout period continues, policymakers may become more comfortable with the idea of pausing, which would help maintain a firm dollar and tight credit conditions. For Bitcoin to break higher sustainably, CryptoQuantâs analysis suggests that a reversal in exchange-traded fund outflows and renewed confidence in risk assets will likely be necessary. Featured image from DALL-E, chart from TradingView.com
Bitcoin Near Breaking Point As It Tests Its Most Crucial Support LineâAnalyst
Bitcoin fell to a five-month low before staging a modest recovery, testing a crucial support line that traders say could decide the short-term fate of the bull market. Related Reading: Bitcoinâs Grip Holds â But Signs Of Weakness Are Piling Up: Analyst According to Crypto Onchain, Bitcoin hit an intraday low of $98,900 before buyers pushed the price back above $101,000 and later to $103,400 at the time of writing. The top coinâs year-to-date gain sits at close to 10% after peaking at an all-time high of $126,300 in October. Bears Break $107,000 Fortress Based on analysis from Crypto Onchain and on-chain data provider CryptoQuant, Bitcoin lost the $107,000 support after roughly 130 days of trading in a band between that level and $123,000. The move sparked heavy liquidations in the futures market. About $640 million in long positions were wiped out over a 24-hour stretch. That figure, market watchers say, is the second-largest daily long liquidation event since June 2021. The October 10 event remains the largest on record for comparison. The $101,000 level has taken on extra meaning. Traders point out that bulls stepped in near $98,000 and pushed the market back toward the lower trendline of a long-term ascending channel that has held since October 2023. Reports have disclosed that defending this channel bottom would be read as a bullish sign, while a close below it could signal deeper losses and a break in the market structure that has supported the rally. CME Gap Could Pull Price Lower A nearby gap on the CME futures chart sits between $92,000 and $93,000, roughly 10% from current prices, and some analysts are watching that area closely. Historically, Bitcoin has often filled such gaps before resuming its next leg up, and the gap is now a possible target if bearish pressure continues. At the same time, strong buying interest around the $101,000 zone could halt any slide and force prices back up. Liquidations And Market Mood The cascade of liquidations amplified selling pressure, particularly among highly leveraged traders. Futures positions were forcefully closed, and this intensified the intraday drop. Yet buyers were quick to take advantage of the lower levels, and the rebound to $103,000 level showed a degree of demand at current prices. Volume and near-term momentum will be key in determining whether that demand is durable. Related Reading: XRPâs Low Price Isnât A ProblemâItâs Actually A âBlessingâ, Finance Expert Says Market participants say the most important signal will be a daily close relative to the ascending channelâs lower trendline around $101,000. A sustained close above that mark would likely be read as a buying chance, while a decisive break and continued selling could open the path toward the CME gap near $92,000â$93,000. Broader moves in US equities and large trader activity are also being monitored, since they helped trigger the recent pullback. Featured image from Unsplash, chart from TradingView
Warning Signals: Bitcoin 365-Day Moving Average At Risk of Collapse
The cryptocurrency market is currently facing significant bearish pressure, with Bitcoin (BTC) struggling to reclaim previously crucial support levels. Recent data from CoinGecko indicates that Bitcoin has retraced nearly 6% over the past week, a decline that has impacted other major cryptocurrencies, including Ethereum (ETH), XRP, Binance Coin (BNB), and Solana (SOL), all of which have experienced double-digit losses during the same period. Galaxy Digital Lowers Bitcoin Price Target This downturn marks a stark contrast to the bullish sentiment observed earlier in October, when Bitcoin surged to record its current record high slightly above the $126,000 mark due to a wave of margin buying. However, the euphoria was short-lived, as approximately $20 billion in leveraged positions across the crypto market were abruptly liquidated just days later on October 10, contributing to the ongoing lack of confidence among investors. Michael Novogratzâs Galaxy Digital recently revised its year-end Bitcoin price target down to $120,000, a significant cut from the previous estimate of $185,000, attributing this adjustment to the âsignificant leverage wipeout.â Related Reading: Weakness In Major Cryptos: What Key Technical Metrics Indicate For Bitcoin, Ethereum, And Solana Market analytics firm CryptoQuant has pointed out that Bitcoinâs drop below its 365-day moving average near $102,000 could signal a deeper retreat. This moving average has historically acted as a critical support level during this bull cycle, and its failure to hold could lead to a more substantial correction in Bitcoinâs price. In their analysis, CryptoQuant experts elaborated on the conditions necessary for Bitcoin to reverse its current trajectory and potentially reach new all-time highs. They observed that Bitcoin led a global risk-off movement, testing the critical $100,000 support level. This decline was influenced by a stronger dollar and ongoing uncertainties regarding Federal Reserve (Fed) policy, which have dampened broader risk appetites across various asset classes. Notably, there have been four consecutive sessions of approximately $1.3 billion in net outflows from US spot BTC ETFs, reversing what had been one of the strongest tailwinds for the market in 2025. This diminished demand in the spot market has coincided with forced deleveraging, resulting in over $1 billion in long liquidations at recent lows, which briefly breached intraday support before dip buyers stepped in. Stabilization Of ETF Flows Crucial The options market has further intensified volatility, as dealers remain net short gamma around the $100,000 strike, leading to increased hedging activity near this critical level. The $100,000 mark now stands as a psychological barrier, and any stabilization in ETF flows could shift market sentiment, provided no new macroeconomic shocks occur. On the macroeconomic front, the analysts assert that the current environment remains supportive, albeit clouded by the ongoing government shutdown in Washington. However, policy clarity remains elusive. Related Reading: Ethereum Price Needs To Reclaim This Key Level To Prevent Drop To $1,700 The Federal Reserveâs recent 25 basis point cut in October, which included some dissenting opinions, was accompanied by a cautious tone that pushed back against expectations for another cut in December. Markets are currently pricing in a 60-65% chance of a follow-up move, but as the Fedâs blackout period continues, policymakers may become more comfortable with the idea of pausing, which would help maintain a firm dollar and tight credit conditions. For Bitcoin to break higher sustainably, CryptoQuantâs analysis suggests that a reversal in exchange-traded fund outflows and renewed confidence in risk assets will likely be necessary. Featured image from DALL-E, chart from TradingView.com
Bitcoin Near Breaking Point As It Tests Its Most Crucial Support LineâAnalyst
Bitcoin fell to a five-month low before staging a modest recovery, testing a crucial support line that traders say could decide the short-term fate of the bull market. Related Reading: Bitcoinâs Grip Holds â But Signs Of Weakness Are Piling Up: Analyst According to Crypto Onchain, Bitcoin hit an intraday low of $98,900 before buyers pushed the price back above $101,000 and later to $103,400 at the time of writing. The top coinâs year-to-date gain sits at close to 10% after peaking at an all-time high of $126,300 in October. Bears Break $107,000 Fortress Based on analysis from Crypto Onchain and on-chain data provider CryptoQuant, Bitcoin lost the $107,000 support after roughly 130 days of trading in a band between that level and $123,000. The move sparked heavy liquidations in the futures market. About $640 million in long positions were wiped out over a 24-hour stretch. That figure, market watchers say, is the second-largest daily long liquidation event since June 2021. The October 10 event remains the largest on record for comparison. The $101,000 level has taken on extra meaning. Traders point out that bulls stepped in near $98,000 and pushed the market back toward the lower trendline of a long-term ascending channel that has held since October 2023. Reports have disclosed that defending this channel bottom would be read as a bullish sign, while a close below it could signal deeper losses and a break in the market structure that has supported the rally. CME Gap Could Pull Price Lower A nearby gap on the CME futures chart sits between $92,000 and $93,000, roughly 10% from current prices, and some analysts are watching that area closely. Historically, Bitcoin has often filled such gaps before resuming its next leg up, and the gap is now a possible target if bearish pressure continues. At the same time, strong buying interest around the $101,000 zone could halt any slide and force prices back up. Liquidations And Market Mood The cascade of liquidations amplified selling pressure, particularly among highly leveraged traders. Futures positions were forcefully closed, and this intensified the intraday drop. Yet buyers were quick to take advantage of the lower levels, and the rebound to $103,000 level showed a degree of demand at current prices. Volume and near-term momentum will be key in determining whether that demand is durable. Related Reading: XRPâs Low Price Isnât A ProblemâItâs Actually A âBlessingâ, Finance Expert Says Market participants say the most important signal will be a daily close relative to the ascending channelâs lower trendline around $101,000. A sustained close above that mark would likely be read as a buying chance, while a decisive break and continued selling could open the path toward the CME gap near $92,000â$93,000. Broader moves in US equities and large trader activity are also being monitored, since they helped trigger the recent pullback. Featured image from Unsplash, chart from TradingView