BTC Could Slide to $40,000 Amid Bearish Signals

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Bitcoin's loss of a key long-term support could lead to deeper losses if bulls fail to reclaim control soon.

Bitcoin’s (BTC) attempt to push above $90,000 remained unsuccessful this week.

The crypto asset is once again under technical pressure after slipping below an important long-term trend indicator, prompting fresh downside warnings from market analysts.

50% Drop Could Be Next?
Crypto analyst Ali Martinez said that every time Bitcoin has lost its 50-week simple moving average (SMA) in past cycles, the asset has gone on to record an average decline of around 54%. Based on current price levels, Martinez observed that a similar historical move would mean a potential drop toward the $40,000 zone.

The 50-week SMA is widely watched as a dividing line between bullish and bearish market phases, and steady trading below it has previously coincided with prolonged downturns rather than brief corrections. While Martinez did not predict an immediate crash, there is a growing downside risk if Bitcoin fails to reclaim this level in the coming weeks.

Adding to the cautious outlook, CryptoQuant said Bitcoin appears to be in the later stage of its post-ATH correction. As such, weak demand continues to limit rebound attempts. Market sentiment remains in “Extreme Fear,” and risk appetite has yet to recover meaningfully.

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