{"id":3420,"date":"2025-03-11T06:00:28","date_gmt":"2025-03-11T06:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-slips-under-200-day-moving-average-will-the-downtrend-continue\/"},"modified":"2025-03-11T06:00:28","modified_gmt":"2025-03-11T06:00:28","slug":"bitcoin-slips-under-200-day-moving-average-will-the-downtrend-continue","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-slips-under-200-day-moving-average-will-the-downtrend-continue\/","title":{"rendered":"Bitcoin Slips Under 200-Day Moving Average \u2013 Will The Downtrend Continue?"},"content":{"rendered":"

Bitcoin (BTC) has dropped 11.3% over the past week, currently trading in the low $80,000 range at the time of writing. The recent decline has pushed the leading cryptocurrency below the 200-day moving average (MA), raising concerns about a potential deeper pullback.<\/p>\n

Bitcoin Must Defend This Key Price Level<\/h2>\n

According to an X post<\/a> by seasoned crypto analyst Ali Martinez, BTC is now trading below the 200-day MA, a key price level that has historically functioned as a strong support for the top digital asset.\u00a0<\/p>\n

For the uninitiated, the 200-day MA is a famous technical indicator that essentially represents the average closing price of BTC over the last 200 days to identify the long-term price trend. Historically, a sustained movement above the 200-day MA has led to long-term uptrends while a prolonged price movement below the level has often preceded further declines.<\/p>\n

Martinez stressed that BTC must remain above the TD Sequential indicator\u2019s risk line at $79,280. He added that a sustained move above this level could set the stage for a strong rebound to the upside.<\/p>\n

\"ali\"<\/p>\n

The potential for a BTC recovery was echoed by fellow crypto analyst Ted. In a post on X, he pointed out that over the past two years, BTC has frequently undergone 25% to 30% corrections before rebounding to new all-time highs (ATHs). Ted noted<\/a>:<\/p>\n

\n

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.<\/p>\n<\/blockquote>\n

\"ted\"<\/p>\n

If BTC follows a similar pattern and climbs 30% from its current price, it could reach approximately $104,000 in a short period. However, broader macroeconomic factors – such as US President Donald Trump\u2019s trade tariffs and the Federal Reserve\u2019s (Fed) monetary policy – could significantly impact BTC\u2019s trajectory.<\/p>\n

BTC Needs To Reclaim $84,000 First<\/h2>\n

In another post<\/a> on X, Martinez outlined BTC\u2019s potential path to a new ATH, emphasizing that BTC must first reclaim $84,000 as a support level before any major upside movement. Once this milestone is secured, the digital asset could rally toward $128,000.<\/p>\n

Several indicators suggest that BTC may have already found a local bottom, increasing the chances of a trend reversal. Crypto analyst Rekt Capital recently noted that BTC\u2019s plunge to $78,258 could mark the cycle low.<\/p>\n

Additionally, the US Dollar Index (DXY) has just recorded one of its largest weekly breakdowns since 2013, a move that historically signals bullish momentum for risk-on assets like BTC. At press time, BTC trades at $80,137, down 3.5% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) has dropped 11.3% over the past week, currently trading in the low $80,000 range at the time of writing. The recent decline has pushed the leading cryptocurrency below the 200-day moving average (MA), raising concerns about a potential deeper pullback. Bitcoin Must Defend This Key Price Level According to an X post by…<\/p>\n","protected":false},"author":1,"featured_media":3421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[1861,22,28,32,36,51,254,255,1352,123],"class_list":["post-3420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-200-day-ma","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btcusdt","tag-crypto","tag-cryptocurrency","tag-digital-asset","tag-dxy","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=3420"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/3420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/3421"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=3420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=3420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=3420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}