Bitcoin Faces $84k Test, $50k Crash Risk
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- TradingShot says Bitcoin is about to test its 1‑day 200‑day SMA near $84,000, a “critical bear‑cycle resistance,” and warns that a rejection would push the price down to $50,000.
- TradingShot notes that in the 2022 bear market a failed retest of the 200‑day SMA led to a slide to new macro lows, mirroring today’s pattern.
- Cointelegraph reports that traders have long viewed the $50,000 zone as the likely bottom if the bear cycle continues.
- Cryptic Trades identifies the 20‑week SMA/21‑week EMA “bull‑market support band” around $78,000 as the main focus, and says holding above this and the April 2025 bottom formation near $76,000 keeps market structure intact.
- Cryptic Trades also flags the $84,000 high‑timeframe support range as a potential short‑term rejection point.
Why it matters: Long‑position holders and crypto funds would lose billions if Bitcoin falls below $84k and slides to $50k, eroding confidence in the broader market and triggering forced liquidations.
