BTC breaks major bull support: 50-week moving average
Bitcoin (BTC) has broken down from the 50 weekly EMA, this has been a powerful support in 2024 and in 2025 — but this breakdown marks the first time Bitcoin has shown major weakness on a weekly basis.
What are the technical signs you should be watching?
Bitcoin flips bearish with break of weekly 50-EMA
Bitcoin (BTC) weekly chart
Bitcoin has broken down from two major supports formed in 2024 – 2025:
- Trendline support from 2024 – 2025 (highlighted in red)
- Weekly 50-EMA which acted as support from 2024 – 2025
All hope isn’t lost, we are actually at a support at the current zone, a high volume node support ($92,900 – $95,200), marked by a daily order block.
Should we retrace from here, we have a few resistances to watch:
- 38.2% Fib at $98,497 — Aligns with a previous low, trendline.
- 50% Fib at $100,212 — Aligns with weekly 50-EMA.
- 61.8% Fib at $101,928 — Aligns with the Value Area Low of the current decline.
Bitcoin daily chart
RSI on both the daily and weekly timeframes is deeply depressed but hasn’t actually bottomed below 30 yet. That keeps the door open for a sharp reversal, but it also means there’s still room for price to fall.
If the selloff continues, the next key downside area sits around $84,000–$85,500, where a high-volume node could attract buyers.
In the short term, watch whether the price can hold above $92,900. If we get a retracement, a genuinely bullish trend only comes back into play if price can reclaim and close above the prior high at $107,482 and, ideally, break and hold above the weekly 50 EMA.
Author
Zorrays Junaid
Alchemy Markets
Zorrays Junaid has extensive combined experience in the financial markets as a portfolio manager and trading coach. More recently, he is an Analyst with Alchemy Markets, and has contributed to DailyFX and Elliott Wave Forecast in the past.
