It did not disappear in 2025 as it is planned in the encryption industry, as the declining pressure continues in the market envelope. After the last shrinkage that shook the encryption market, the Bitcoin price is now circulating by approximately 25 % under its highest level ever.
According to data from Coingecko, Bitcoin price has decreased by approximately 12 % in the past seven days. The worse is that the latest price data indicates that the decline may not end yet for the leading cryptocurrency.
The current expectations of the BTC price
In the February 28 publication on the social media platform X, the encryption analyst Ali Martinez Put out Another drop in bitcoin price is in the current market case. According to The Internet Pundit, the BTC price may decrease about $ 74,700 to find relief from continuous correction.
The logical basis behind this prediction is the movement and the decisive nature of the moving average for a 50 -week on the Bitcoin. Martinez noted that the price of BTC is historically to find support and apostasy over this long -term moving average.
Source: Ali_charts/X
As shown in the above graph, the price of bitcoin has seen deep corrections in previous sessions, which often bounced from the moving average for 50 weeks. Recently, the leading cryptocurrency has found support on the mobile average in July 2021, as it flourished to the highest level at the time of about 62,000 dollars before reaching the top of the course of $ 67737.
Going to this historical precedence, it seems that the price of bitcoin may be at risk of further declining movement, with the following support about 74,700 dollars. However, if this decisive support level is strong, the market leader may return to its previous high price and after that.
On the other hand, if the price of the mobile BTC has been violated for 50 weeks to the bottom side, the cryptocurrency may be the first in a extended correction period. Using previous sessions as a template in analyzing this declining state, bitcoin price is at risk of starting the bear market if the moving average is broken 50W.
In the last session-after the moving average violation of 50 weeks, the bitcoin price fell from about $ 68,000 to less than $ 17,000-with a decrease in 75 %-approximately a year. However, it should be noted that this recession may be exaggerated due to the collapse of Terra Luna and FTX Exchange in 2022.
Bitcoin price at a glance
From writing these lines, the BTC price sits a little higher than the 85200 dollar sign, which does not reflect any major change during the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
