Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

History Says Bitcoin (BTC) May Fall 60% If This Key Support Fails to Hold

Bitcoin is testing a key level that has previously marked the start of major market corrections. The 50-week simple moving average (50W SMA), now near $102,000, has served as a long-term support line in multiple past cycles. Its failure has often led to extended drawdowns. As of press time, the asset was priced at $103,000, showing a modest 1% gain over the last 24 hours. Over the past week, it has declined 7%, with daily trading volume near $61.7 billion. 50W SMA and Historical Breakdown Patterns Market history shows that each time Bitcoin lost the 50W SMA, a sharp correction followed. Analyst Ali Martinez pointed to several examples where this support failed: a 50% drop in 2011, 67% in 2014, 60% in 2018, and 66% in late 2021. The 2020 crash during the COVID outbreak also saw a 55% decline after the same breakdown. Martinez stated, “Bitcoin has seen an average 60% drop each time it has lost the 50W SMA as support.” Based on that pattern, a confirmed break below $102,000 could project a potential move toward $40,000. This level is now being viewed as a make-or-break area for Bitcoin’s longer-term structure. Source: Ali Matinez/X Key Short-Term Levels and Price Reaction Analyst Lennaert Snyder also marked $102,000 as a short-term support level to monitor. He noted that the 4-hour chart still shows an uptrend and added, “I prefer to hold key $102,000 support to not lose the 4H uptrend.” He also pointed to $107,100 as a key level for bulls to reclaim. Analyst Ted observed that Bitcoin moved below the EMA-50 and emphasized the importance of the weekly close. He explained, “A weekly close below EMA-50 means the dump is just the beginning.” Meanwhile, key liquidity levels sit near $90,000 and $126,000, with the possibility of a drop to fill the CME gap before any recovery. Market Structure, MACD Signal, and Open Interest Linton Worm pointed to a confirmed bearish MACD cross and linked it to previous cycle tops. “In 2021, it predicted the crash. Now the same is happening,” he said, adding that $70,000 could be the next support to watch if pressure continues. Meanwhile, data from Darkfost showed a sharp drop in Bitcoin open interest across major exchanges. Since October 10, open interest has declined by over $10 billion, led by Binance, which saw a $4 billion decrease. Bybit and Gate.io followed with drops of $3 billion and $2 billion, respectively. Leverage remains low, and confidence among traders appears limited as the correction unfolds. The post History Says Bitcoin (BTC) May Fall 60% If This Key Support Fails to Hold appeared first on CryptoPotato . The Crypto Basic

---

“Don’t Sleep on XRP” CoinFund President Perkins Says

In a recent episode of the Unchained podcast, Chris Perkins, President of CoinFund, insisted that the industry does not overlook Ripple (XRP). During the conversation, Austin Campbell, founder of Zero Knowledge Group, called on Perkins to share his thoughts on what he thinks people might have missed about Ripple. Visit Website The Crypto Basic