After a prolonged bearish period that kept traders worrying, the Bitcoin price is showing signs of resurgence. The cryptocurrency is currently hovering above the weekly EMA200 at around $68,000. This level is seen as a key technical level. According to experts, a strong bounce from this level could signal the start of a bullish recovery. It could potentially push BTC toward the $90,000 level.
However, the recent downtrend has left the market fragile, and any break below the EMA2000 could open the door for further losses. Analysts move that such a movement could bring support levels around $54,000-$55,000.
After months of Bitcoin price crash, traders and analysts are equally watching for the cryptocurrency’s price actions, hoping for a potential uptrend. However, this question remains unanswered- Will the Bitcoin price surge soon?
Bitcoin Price at a Crossroads
The Bitcoin price has been on a long and concerning negative trend, since hitting its all-time high of $126k in early October 2025. After the October crypto market crash, what started as a strong bull run quickly turned into months of losses and uncertainty.
The Bitcoin price drop has been sharp and concerning. The cryptocurrency has fallen from $126k to below $70,000, losing nearly half of its value in just a few months. As of press time, BTC is valued at $68,906, slightly up by 0.02%, giving a glimmer of hope. However, the crypto has significantly declined by 12% and 24% over the past week and month, respectively.
Key Levels to Watch Amid Prolonged Bearish Trends
Despite the Bitcoin price’s prolonged bearish trend, there are still glimmers of hope. Analysts and experts are looking for key support levels, knowing that a further dip could push the price to severe lows.
For instance, market expert Captain Faibik projected the possible movements of the Bitcoin price in the near future. The analyst noted that BTC is currently trading above its weekly EMA200, which sits around $68k. He considers this a crucial support level. Faibik suggests that if BTC manages to bounce from this point, it could potentially climb toward $90k in the coming weeks.
On the other hand, a break below the EMA200 could push the crypto into more severe lows, added the expert. This could pull the prices to the $54k-$55k levels, which would then act as key support levels. Traders are keeping a close eye on these levels. This is because this zone is poised to play a key role in determining whether Bitcoin can recover or continue its recent bearish trend.
What Experts Say about the Bitcoin Trend
According to CoinDCX Research, the Bitcoin price is currently fluctuating around $70k, showing neutral moves. This means that the crypto is not clearly showing bullish or bearish momentum. Overall, market sentiment is still cautious, but there are signs it’s trying to stabilize.
Akshant Siddhant, Lead Quant Analyst at Mudrex, noted that BTC has held strong as whales and institutional investors step in to buy the dip. Since Friday, large holders have accumulated over 40,000 BTC, while Strategy added 1,142 BTC, worth $90 million. This reflects continued long-term confidence from big investors.
