Bitcoin Breaks Two-Month Support, Next Key Level at $75,000

Bitcoin has fallen below a crucial support it had defended for two months, with charts now highlighting $75,000 as the next potential floor.

The focus is on BTC’s 100-week simple moving average, which had acted as a reliable safety net since November. For nine straight weeks, buyers consistently stepped in on dips, preventing deeper losses.

Thursday’s move saw bitcoin slip below $85,000, decisively breaking the 100-week average and signaling sellers are in control. If the decline continues, $75,000—a level that previously halted selling in April—emerges as the next line of defense.

Below that, the 200-week moving average at $58,000 serves as further support.

Traders note that reclaiming $95,000, where buyers were repeatedly outbid in December and early January, would shift sentiment back toward bullish.