After closing the week below a crucial support level, Bitcoin (BTC) has fallen 
below the $65,000 support for the first time since the early February crash, 
reaching a two-week low of $64,152. Amid this performance, some analysts have 
warned that the flagship crypto could be on the “cusp of bearish 
acceleration,” warning that another major crash could be around the corner. 
Related Reading: Bitcoin Mirrors Software Stocks More Than Any Other Market — 
Here’s Why Bitcoin Loses The 200-Week EMA On Monday, analyst Rekt Capital 
highlighted that Bitcoin produced a “historically pivotal” development after 
closing last week below the 200-week Exponential Moving Average (EMA), which 
currently sits “at the center of a major confluence zone.” Notably, the 
200-week EMA aligns with BTC’s Post-Halving Re-accumulation Range highs, 
located between $66,000-$71,000. Meanwhile, the Post-Halving Re-accumulation 
Range lows, around the $58,000-$60,000 levels, define the broader structure of 
BTC’s current range. Over the past three weeks, the cryptocurrency attempted 
to develop a demand region around this area, which was previously a major 
supply area. However, this level hasn’t historically been a structurally 
reliable support for BTC’s price, the analyst asserted, noting that it has 
previously acted as a 10-month resistance. “In the current structure, we have 
seen three consecutive weeks of elevated sell-side volume in this region, with 
limited meaningful buy-side response,” he explained. Per the post, this 
imbalance has led to a weekly close below the 200-week EMA, losing it as 
support in this timeframe. This suggests that a “continuation of Bearish 
Acceleration into its second wave” could follow soon. The analyst cautioned 
that now that price has closed the week below this critical level, there is a 
“strong probability that Bitcoin presses back toward the underside of that EMA 
to attempt turning it into new resistance.” If the underside retest holds, the 
structure would shift from defending the support to confirming the resistance 
at this level. He warned that if that level begins to act as resistance, 
downside continuation will become increasingly probable. BTC’s Bottom Targets 
$30,000 Rekt Capital also noted that BTC’s recent performance aligns closely 
with its price action in prior cycles. As he detailed, in 2018 and 2022, a 
weekly close below the 200-week EMA acted as a structural trigger to the 
second wave of bearish acceleration. “Bitcoin would attempt to reclaim the 
level, turn it into resistance, and then dissipate lower. That pattern is now 
attempting to replicate itself,” he asserted. Similarly, Ali Martinez pointed 
to the cryptocurrency’s historical performance, but on the three-day chart, 
affirming that this has been one of BTC’s key timeframes from a macro 
perspective. According to Martinez’s post, market observers must watch the 
upcoming interaction of the 50-day and 200-day Simple Moving Averages (SMAs), 
as the crossover between these two indicators on the three-day timeframe has 
historically preceded the final leg down of the bear market. Bitcoin dropped 
around 50%-72% from its 2013, 2017, and 2021 cycle tops before its death 
crosses took place in late 2014 and 2018, and mid 2022. Following the 50-day 
and 200-day SMAs crossovers, the flagship crypto experienced another 45%-52% 
decline. Related Reading: Investors In Trump Family Memecoins Record $4.3 
Billion In Losses As Tokens Sink Now, BTC has fallen more than 52% from its 
October 2025 peak and is approaching a potential death cross on the three-day 
chart by the end of February. “If history repeats — even partially — this 
could signal the beginning of the final leg down of this cycle,” the analyst 
warned. Based on this, Martinez predicted that another 30%-50% correction from 
current levels could follow, placing the cryptocurrency’s target near the 
$30,000-$40,000 supports. “If the cross confirms, it becomes a level to take 
very seriously,” he concluded. Featured Image from Unsplash.com, Chart from 
TradingView.com

Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level

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