Bitcoin copying 2022 'almost perfectly' as trader sees key support failing
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- Bitcoin hovered near two‑month lows on Wednesday, trading around $65,362 on Bitstamp, a level not seen since early April.
- Rekt Capital warned that Bitcoin is likely to break down from the 50‑month EMA at $66,628, citing historical patterns where the EMA first acts as a bounce point then loses support in a bear cycle.
- Leviathan claimed the 2026 bear market is mirroring 2022 “almost perfectly,” emphasizing the $60,000 level as critical and stating that holding above it could trigger a recovery while falling below could deepen the correction.
- Killa projected that Bitcoin may enter weeks of consolidation between $63,000 and $65,000 based on 2022 price action.
- Paradox highlighted that Bitcoin’s past loss and later reclaim of the 50‑month EMA generated a 715% gain over two years, implying a potential upside if the trend line is regained.
Why it matters: Active traders could profit from a bounce above $60k, while long‑term Bitcoin holders face steeper declines if the $66,628 EMA collapses, potentially triggering further liquidations.
