#Bitcoin has just broken below an important price level it had been holding for nearly two months and that’s making traders nervous about further losses.

The level in question is the 100-week moving average near $85,000, which had acted like a strong floor since November. Buyers repeatedly stepped in there, keeping prices stable for weeks. But now bitcoin has slipped clearly below that line, suggesting sellers are in control and the market could head lower.

Attention is shifting to $75,000, where buyers last year managed to stop a big decline. If that area fails to hold, charts point to another major support around $58,000, near the 200-week average.

While technical signals don’t guarantee what will happen next, traders are also watching the upside. For the mood to turn bullish again, bitcoin would likely need to climb back above $95,000, a level where sellers recently blocked rallies. Until that happens, caution remains the dominant theme.