The $75,000 level wasn’t just a number — it was a key support in Bitcoin’s higher-timeframe structure. Once BTC dropped below it, selling pressure surged, pushing the price sharply toward the $60,000 range within days. This move confirms just how critical that breakdown was.
The collapse of Bitcoin’s higher-high, higher-low pattern, rather than panic or noise, triggered this steep decline. Currently, BTC is trading below both the 20-week and 50-week moving averages, which historically suppress momentum. Any short-term bounce may offer only temporary relief, not a reversal.
Traders are now watching the 200-week MA and the crucial $50K cycle support, a level that has historically marked major market resets.
Bitcoin needs to reclaim $75K and $100K to regain bullish structure, or it could face another test of lower supports.#crypto #Bitcoin #BTC #wendy $BTC
