Bitcoin is faltering at a pivotal moment. While Wall Street opens lower and gold stalls, the first crypto slides dangerously towards $60,000, under the joint pressure of traditional markets and a major technical signal. The loss of long-term support revives bearish scenarios, with some traders already talking about a return to $45,000. Between graphic fragility and macroeconomic nervousness, BTC is entering a zone of turbulence which could redefine the trajectory of the coming weeks.
In brief
- Bitcoin is dangerously close to $60,000 after a weekly close under major technical support.
- The loss of the 200-week moving average revives bearish acceleration scenarios according to several analysts.
- A target at $45,000 resurfaces, linked to an area of inefficiency left on the chart.
- Traditional markets are also faltering, with stocks and gold falling as Wall Street opens.
Bitcoin weakened by a major technical signal
Tuesday at the opening of Wall Street, Bitcoin fell by around 3% over the day, approaching the threshold of 60,000 dollars, while the network displays a historic decline in active addresses.
This move comes after a weekly close below the 200-week exponential moving average (200-week EMA), a level closely monitored by cycle analysts. Trader Rekt Capital warns: “Bitcoin closed the week below the 200-week exponential moving average. This technically means that this level has lost its support role and could now act as resistance during a possible rebound.. He specifies that historically, such a configuration “would lead to further downward acceleration”.
Technical elements reported by analysts are as follows:
- A weekly close below the 200-week EMA, a signal historically associated with a bearish acceleration;
- The 200-week moving averages SMA and EMA now frame the current trading zone;
- The inability of BTC to regain key support, increasing the risk of transformation into resistance;
- An imminent test of the psychological threshold of $60,000, identified by trader Jelle as a determining level.
At the same time, the weakness is not limited to the crypto market. At the opening of the US session, stocks also fell while gold lost around 2%, reflecting significant pressure on assets. Bitcoin thus evolves in an environment where internal technical dynamics combine with an unfavorable macroeconomic climate.
An “inefficiency gap” at $45,000 in the sights of traders
Beyond the $60,000 threshold, the debate now focuses on lower targets. Several scenarios below $50,000 are circulating, particularly around a so-called zone of “fair value gap” close to $45,000.
Trader Crypto Scient believes that this zone could act as a liquidity magnet for bitcoin: “I expect this area to be filled before a real low point forms. The market rarely leaves inefficiencies behind”. This type of gap appears when the price moves quickly out of a consolidation zone, leaving an inefficiency that can be filled later.
According to The Kobeissi Letter, the current nervousness of the markets is partly linked to excessive fears around artificial intelligence. In a message published on X, these analysts assert: “the stock market has just wiped out $800 billion in capitalization because the idea that AI is going to take over the world becomes the dominant vision. This view is too obvious. And the obvious bets are never the ones that win”. At the same time, geopolitical tensions linked to Iran and the announcement of new American trade tariffs are increasing pressure on risky assets.
Between technical fragility and macroeconomic tensions, the scenario of a return of the price of bitcoin to $45,000 is no longer marginal. The next sessions will tell whether this level becomes a point of equilibrium… or the prelude to a new phase of volatility.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
