๐ $BTC Drops 5% โ Price fell sharply on Tuesday, raising fears of a new bear market.
โ ๏ธ Critical Level: $102K โ Analysts warn Bitcoin must quickly reclaim $102,000 to avoid deeper losses.
๐ Below 365-Day MA โ Price slipped under the 365-day Moving Average (MA), a major bearish signal.
๐ฎ Historical Pattern โ In 2022, dropping below the 365-day MA marked the start of the bear market.
๐ Previous Cycle โ Last breach in Dec 2022 led to a long โcrypto winter.โ
๐ Bullish Role of MA โ During uptrends, the 365-day MA acts as strong support.
๐ช Examples:
Aug 2024: $BTC Price rebounded from MA after Yen sell-off.
Apr 2025: Found support again after tariff-related volatility.
๐ง Current MA Level: โ $102,063 (per Julio Moreno).
๐ Analyst Warning: โ$BTC must reclaim the 365-day MA quickly.โ
๐ฐ Top Buyer Cost Basis: Around $100,000 โ Bitcoin hasnโt dropped below this in 2 years.
๐ Bottom Line: Staying below $102Kโ$100K zone could confirm a bear market breakdown.