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Bitcoin can crash to $50K if ‘most critical’ bear market test fails: Analysis
Bitcoin is approaching a decisive moment as it tries to avoid a continuation of the bear cycle. According to TradingShot, the market is nearing a key technical test that could define its next direction. While BTC trades around $82,000, reclaiming the $84,000 level as support remains crucial for bulls.
Analysts point to the 200-day moving average (MA200) as a major resistance in bear phases. A similar pattern occurred in 2022, when Bitcoin retested this level from below but failed to break through, leading to further decline and new lows. This repeated structure suggests that rejection now could trigger another downward move.
TradingShot warns that if the “stepping stones” pattern repeats, Bitcoin may correct sharply toward $50,000. However, a breakout above resistance would cancel the bearish outlook and signal renewed strength.
Support levels below remain key. The bull market support band — formed by the 20-week SMA and 21-week EMA — lies near $78,000 and is considered critical to hold. Staying above this zone, along with the April 2025 low around $76,000, would help maintain the broader market structure.
At the same time, the $84,000 area, once strong support, may now act as resistance. A short-term rejection there is possible, making it another important level for traders to watch.
#BitcoinFallsBelow80K #GateSquareMayTradingShare