- Bitcoin’s 11.3% weekly decline pushed it below the 200-day MA, sparking analyst warnings of deeper corrections as institutional investors monitor $79,280 support.
- Historical BTC corrections (25-30%) since 2023 preceded all-time highs, suggesting a 30% rebound from $80K could target $104K amid Fed policy uncertainties.
Bitcoin (BTC) has experienced a pronounced decline of 11.3% over the past seven days, settling in the low $80,000 region as of the latest market data by ETHNews.
The cryptocurrency’s price dip has breached the 200-day moving average (MA), a key technical indicator historically associated with long-term price trends. ETHNews analysts note that sustained trading below this level may indicate potential for further depreciation.
With #Bitcoin $BTC now trading below the 200-day moving average, all eyes are on the TD Sequential indicator's risk line at $79,820. Holding above this level could be key for a rebound! pic.twitter.com/fUeWJlqU7R
— Ali (@ali_charts) March 10, 2025
The 200-day MA calculates the average closing price of BTC over 200 days, serving as a tool to assess long-term market direction. Historically, prolonged periods above this level have correlated with upward price trends, while extended trading below has preceded prolonged declines.
Crypto analyst Ali Martinez highlighted on X that BTC must maintain a support level at $79,280, tied to the TD Sequential indicator’s risk threshold.
Ted, another analyst, referenced BTC’s historical price corrections of 25% to 30% over the past two years, followed by rebounds to new all-time highs (ATHs). He noted that in 2023, BTC fell from $30,000 to $22,000, while in 2024 it dropped from $74,000 to $50,000.
Each year, $BTC has gone through one 25%-30% correction.
In 2023, BTC went from $30K to $22K
In 2024, BTC went from $74K to $50K
This year, BTC has dumped from $109K to $79K
We all know what happened after the last 2 major corrections. pic.twitter.com/4y3tLUmoMX
— Ted (@TedPillows) March 10, 2025
Earlier this year, BTC declined from $109,000 to $79,000. This pattern suggests a potential 30% recovery from current levels, projecting a possible price of $104,000. However, Ted cautioned that external factors like U.S. trade policies and Federal Reserve monetary decisions could affect BTC’s trajectory.
If #Bitcoin $BTC reclaims $84,000 as support, the path could open for a rally toward a new all-time high of $128,000! pic.twitter.com/9E0smY85Qs
— Ali (@ali_charts) March 10, 2025
Martinez also outlined a potential recovery pathway, emphasizing that BTC must first reclaim $84,000 as a support level to initiate a bullish rally. Once stabilized above this threshold, the analyst anticipates a possible upward movement toward $128,000.
ETHNews continues to monitor technical indicators and macroeconomic variables as key factors influencing BTC’s near-term performance. Liquidity conditions and investor sentiment remain under scrutiny amid evolving geopolitical risks and central bank policies.
