A bearish signal, the 50 EMA’s loss could lead to more selling pressure, particularly if traders expect the downtrend to continue. The 200 EMA, which is around $76,160, and the psychological level, which is at $85,457, are the next important support levels. Even more severe drops may occur in the first quarter of 2025 if Bitcoin is unable to stabilize at these levels.
Bitcoin (BTC) Loses Support: 2025 to Begin With Crash? Shiba Inu (SHIB) Hits Critical Level, XRP Struggles to Hold Above $2
