Bitcoin Breaks Two-Month Support, $75,000 Now in Focus
Bitcoin has dropped below a key support level it had held for two months, with charts now pointing to $75,000 as the next critical floor.
The benchmark in focus is BTC’s 100-week simple moving average, which had served as a reliable safety net since November. For nine consecutive weeks, buyers stepped in on dips, preventing further declines.
On Thursday, bitcoin fell below $85,000, decisively breaching the 100-week average and signaling that sellers are gaining control. Should the selloff continue, $75,000—a level that previously stabilized prices in April—becomes the next major support.
Below that, the 200-week moving average at $58,000 provides further downside protection.
Traders note that reclaiming $95,000, where buyers were repeatedly outbid in December and early January, would restore a bullish outlook.
