Bitcoin’s momentum is fading: Traders have these support levels in mind
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Swissblock says Bitcoin’s momentum faded after failing to sustain expansion above $82,000, with the price falling to $76,000.
- Axel Adler Jr notes Bitcoin’s slow impulse performance indicator turned negative for the first time since April, signaling fading momentum as macro pressure rises.
- Glassnode reports Bitcoin’s price‑momentum index dropped 29 % over the past week to 47.1 from 66.7, indicating a shift from strong upward to weakening momentum.
- Cointelegraph highlights that keeping Bitcoin above the $74,000‑$75,000 zone, which contains the 50‑day EMA, 100‑day EMA and 50‑day SMA, is crucial to avoid a deeper correction.
- Material Indicators warns that losing the $72,000‑$70,000 support could push Bitcoin down to $65,000 or lower.
Why it matters: Crypto traders and Bitcoin holders risk sizable losses if the $74k‑$75k support collapses, potentially pushing the price to $65k and eroding market confidence, while short sellers could profit.
Ask SkimNews
