Bitcoin (BTC) returned beneath $64,000 after Thursday’s Wall Avenue open as bulls nursed 13.5% weekly losses.
Key factors:
- Bitcoin struggles to stabilize amid its worst week of losses in 2026 to date.
- $60,000 is the road within the sand for bulls to defend, evaluation says.
- BTC worth motion with a key development line intently mimics the 2022 bear market.
Bitcoin “sellers stay in management” as $60,000 nears
Information from TradingView confirmed BTC worth power barely recovering after a slide to its lowest ranges since early February.
BTC/USD one-hour chart. Supply: Cointelegraph/TradingView
BTC/USD revisited its 200-week simple moving average (SMA) trend line on the lows, persevering with to repeat “basic” bear-market behavior from 2022.
“Continuation down after that bearish retest within the low $80Ks area,” dealer Daan Crypto Trades wrote in a summary of the established order on X.
“Clearly nonetheless a much bigger down development this has been in since October final 12 months.”
Daan Crypto Trades stated that the main target was now on $60,000 and its means to maintain as help.
“Key space right here within the low $60Ks least with the Weekly 200MA too,” he added.
BTC/USDT perpetual contract one-day chart. Supply: Daan Crypto Trades/X
Buying and selling useful resource The Kobeissi Letter famous that since October 2025, crypto markets had shed greater than $2 trillion in market up.
Complete crypto market cap one-week chart. Supply: Cointelegraph/TradingView
On quick time frames, commentator Exitpump stated that sellers nonetheless had the higher hand.
“Each bounce will get met with a wall of chasing asks on Binance perps orderbook. The second patrons begin pushing, extra provide reveals up overhead and retains worth pinned,” they told X followers.
“Sellers stay in management for now.”
BTC/USDT perpetual contract (Binance) chart with order-book liquidity. Supply: Exitpump/X
Evaluation notes “unimaginable” 2022 BTC worth replay
At greater than 13%, BTC/USD thus confronted its worst week of 2026 to date, per knowledge from CoinGlass.
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BTC/USD weekly efficiency (screenshot). Supply: CoinGlass
Persevering with on the 200-week development line, in the meantime, presently at $61,626, dealer and analyst Rekt Capital made the case for ongoing four-year BTC worth cycles.
“On the thirteenth of June 2022, Bitcoin reached the 200-week SMA throughout its Bear Market correction,” he noted on the day.
“Now within the 2026 Bear Market, Bitcoin has reached the 200-week SMA virtually precisely to the date 4 years later. Bitcoin Cycles are unimaginable.”
BTC/USD one-week chart with 200SMA. Supply: Rekt Capital/X
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