Bitcoin nights dropped below 63,000 and is currently hovering around 74.29K. Trump's tariff move and AI losses are seriously suppressing the market; we already have a 4% weekly loss. Analysts are closely watching the 60,000-dollar resistance—if this breaks, we could see further declines toward the mid-50,000 levels.



The interesting thing is this: historical data shows that Bitcoin rarely hits a bottom without the 50-week moving average falling below the 100-week moving average. We saw this in 2022 and 2018—each major bear market ended after this signal. While we are still far from this crossover now, looking at the chart in bar format indicates that the graph suggests the possibility of going deeper. Some analysts say it could go below 50,000.

Trump's tariff policies and geopolitical tensions will definitely have a negative short-term impact. But in the long term, the entry of spot Bitcoin ETFs continues—so far, $74.29k in capital has been attracted. This pattern of the bar has historically been an important signal every time; it might be no different this time. We need to keep monitoring.
BTC-0.84%
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