Bitcoin price just fell through that price floor it's been bouncing off for two months. Now charts might be pointing to $75,000 as next level to watch.
Bitcoin price just fell through that price floor it's been bouncing off for two months. Now charts might be pointing to $75,000 as next level to watch.Bitcoin has fallen decisively below its 100-week simple moving average around $85,000, signaling that sellers have taken control after two months of support at that level.
Traders are now watching $75,000 as the next major support zone, where buyers previously stepped in last April to halt a downtrend. A further slide could see bitcoin test its 200-week average near $58,000, while a sustained move above $95,000 would be needed to restore a bullish outlook. Bitcoin just crashed through a price milestone it's been holding on to for two months, and sellers are calling the shots now. That trusty milestone? Bitcoin's average price over the last 100 weeks. Since November, this so-called 100-week simple moving average has consistently acted as a safety net, a level at which buyers have continued to buy every dip for nine weeks straight. But today, prices have slipped below $85,000, convincingly moving below the 100-week average line, as seen in the chart below. The breakdown means sellers have overpowered all the buying power around the support, establishing a potential path lower.So, where can the sell-off find the next wave of buyers? In April last year, buyers emerged at around $75,000, stalling the selloff at the time, which makes it a key level to watch now.While chart patterns are popular, they don't always guarantee directional bets — just like any big-picture or fundamentals clue. Smart traders always watch for a key level that, if reclaimed, flips the bearish vibe on its head. Right now, for bitcoin, that’s $95,000, a level where buyers kept getting outbid by sellers early this month and in December. The bullish case comes back to the table if prices surpass that level.Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products , games and experiences , and a widely distributed token . While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. While precious metals and stocks bounce from their worst levels of the session, crypto remains near the day's low.Bitcoin's tumble back to the $84,000 area prompted more than $650 million in liquidations across the crypto market. While gold and stocks have bounced off their worst levels of the session, crypto remains at the day’s lows, prompting questions about how low the price could go. A funding indicator suggested a temporary bottom could be near, while one analyst suggested a turnaround may not come until the Fed gets far looser with monetary policy.SEC chair says 'time is right' for pension funds to include crypto, CFTC head says digital assets set to flourish
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