Bitcoin's price has now declined close to the 200-week exponential moving average (EMA). Looking at previous market cycles, BTC traded below this level during the March 2020 crash, the middle of the 2022 bear market, and again in February 2026. A drop back below $72,000 could signal renewed market weakness and increase the likelihood of a retest of local lows around $60,000.
If Bitcoin fails to regain momentum and rebound toward $80,000 in the near term, a bearish scenario becomes increasingly plausible. Recent on-chain data from CryptoQuant points to a significant decline in whale buying activity, a pattern that also emerged during the cyclical weakness observed in the spring of 2022.
Bulls need to demonstrate strength quickly to relieve the pressure on the "king of cryptocurrencies."
Bitcoin chart (W1 timeframe)
Source: xStation5
BREAKING: Trump announces the lifting of the naval blockade on Iran🚨
US OPEN: Dell soars and keeps pushing tech stocks higher 🚀
RBNZ Regime Change: The Ultimate Hard-Hawk Pivot 🦅 Time to shine for NZD 🇳🇿
BREAKING: Sharp drop of the CAD; Canadian GDP data spooked investors 🚨
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
