Bitcoin drops 9.08% as price remains below major moving averages and bearish signals persist

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Bitcoin falls 9.08% this week

Highlights

Bitcoin trades at $70,161.51, significantly below its MA-20 ($83,600.02), MA-50 ($87,758.35), and MA-200 ($102,806.36), indicating established downward pressure across timeframes.
Momentum signals including MACD, ADX, and Awesome Oscillator confirm a bearish tone, with additional selling dominance reflected in Bull/Bear Power and oversold readings in RSI and Stochastic RSI.
The anticipated five-day trading range is $67,000 to $73,000; strong resistance sits at $73,000 while a breakdown below $67,000 remains plausible if selling continues.

Volatility rises this week on ETF outflows and miner selling

Heavy liquidations totaling about $2.6 billion and outflows from spot Bitcoin ETFs have driven recent market volatility, signaling waning institutional demand. Bitcoin miner reserves declined to approximately 1.806 million BTC, as mining entities increased selling activity. Expiring options worth $2.1 billion have also shifted attention to key support levels.

Downtrend confirmed over the week as technicals turn bearish

On the weekly timeframe, Bitcoin remains in a clear downtrend with the current price trading under all major MAs: MA-20 at $83,600.02, MA-50 at $87,758.35, and MA-200 at $102,806.36. The Ichimoku Kijun at $79,189.15 acts as dynamic resistance above the prevailing price action. Weekly technical indicators are predominantly bearish: both MACD and ADX indicate selling strength, while RSI, Stochastic RSI, and CCI register oversold conditions. The Bull/Bear Power metric and negative Awesome Oscillator readings further confirm dominant selling pressure.

Sideways bias expected this week amid persistent selling pressure

Looking ahead, the weekly forecast anticipates Bitcoin trading between $67,000 and $73,000 over the next 5–7 trading days, as volatility remains elevated. Bearish momentum in all major weekly indicators, along with the price holding below key trend levels, suggests a low probability—less than 20%—for a sustained rebound. The most likely scenario is continued sideways action with possible retests of support near $67,000 and resistance around $73,000. Strong resistance suggests that further declines are possible if selling persists, while only a decisive break above $73,000 would signal a potential bullish reversal.

Viktoras Karapetjanc, macro and sentiment analyst at Traders Union, sees Bitcoin demonstrating resilience this week with a 5.65% gain despite strong selling pressure and elevated volatility. He notes that macro drivers such as ETF outflows and miner distribution have yet to reverse the overall bullish thesis, though institutional sentiment remains cautious. The analyst highlights that momentum is still bearish on key weekly charts, but structural supports near $67,000 have held so far. Karapetjanc is optimistic that market stability around current levels provides several tactical opportunities for forward-looking traders. "While weekly indicators are still under pressure, I see the potential for a bullish turn if Bitcoin decisively moves above $73,000 — watch for improved sentiment and renewed buying interest in the coming week."

Previously it was reported that Bitcoin is trading well below its key moving averages with sustained bearish momentum, as indicated by negative MACD, ADX, and oversold RSI and CCI readings, compounded by persistent miner and ETF selling pressures. Support near $70,000 remains critical amid heightened volatility, while resistance is set around $80,200 and the likelihood of a significant upside breakout remains limited in the near term.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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