Bitcoin’s long-standing “safety net” has been breached — and that could open the door to deeper losses. After roughly two months of holding above its 100-week simple moving average (SMA) — a level that drew buyers on every dip for nine consecutive weeks since November — Bitcoin convincingly slipped below $85,000 and under that 100-week line. The break signals sellers have overwhelmed the buying pressure that had been propping prices up, leaving a clearer path lower. Key levels to watch - Immediate pivot: $85,000 — the price area Bitcoin just failed to defend by falling below the 100-week SMA. - Potential buyer zone: ~$75,000 — where buyers showed up in April of last year and halted the previous drop; this makes it a logical next support to monitor. - Long-term backstop: 200-week SMA at $58,000 — a much deeper support level that often marks major cyclical lows. What would change the outlook - A reclaim of $95,000 would flip the technical picture back toward the bulls. That level capped upside earlier this month and in December; a sustained move above it would weaken the current bearish narrative. A caution for traders Moving averages and chart patterns are useful roadmaps but aren’t guarantees. For now, the failure to hold the 100-week SMA hands momentum to sellers — until buyers can reassert control by reclaiming key resistance levels. Read more AI-generated news on: undefined/news

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