Weekly crypto review: BTC macro + short-term bearish lookBitcoin Bitcoin is closing its second consecutive week below the 50-week moving average. Throughout this growth cycle (since the 2022 lows), price has always found support at these levels.
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Historically, closing below this level for more than two weeks in a row has almost always marked the start of a macro-correction cycle or ‘crypto winter,’ rather than just a standard drawdown.
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On RSI:
The Weekly RSI, which maintained an uptrend throughout 2024 and almost all of 2025, decisively broke its long-term support line in November. As long as RSI remains above the support line, the bullish cycle structure usually holds; however, a downward breakdown often coincides with the completion of a growth phase.
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The combination of these two signals—dropping below the 50-week average and the RSI support breakdown—sharply increases the probability that the market has already entered a macro-correction phase. In my view, the probability of this scenario is currently over 80%.
On 200W MA
In all past cycles, the final Bitcoin bottom formed specifically around the 200W MA. Currently, this sits near 66k, and by mid-2026, it could rise to the 73–75k range, fitting a scenario of a further 15–20% decline from current levels.
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Expectations for the week:
I see potential for another correction wave as long as price remains below 93k. In the coming days/week, it is logical to expect a bounce (already in progress) toward this resistance zone; however, without sustained consolidation above it, the risks of another drop toward 75–70k remain high.
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If the market does test the 75–70k zone, a local bottom may form there, triggering a powerful bearish rally toward the falling 200-day average. This is the ‘dead cat bounce’ scenario with potential upside of around +40%, typically used to regroup positions in the middle of a bearish phase
Bearbtc
SEC SCARES THE BULLS CALLS THE BEARS - BTCI had previously called out for an Elliot wave inside a channel and a corresponding cup and handle formation. It seemed we were on track to fulfil my targets - we did have BTC pierce the 100 and 200 EMA a few times but it was finding strong support on these averages and the corresponding fib level - 78,6%.
Lets not talk about the past, dwell on the past as it seems that BTC has clearly fallen out of the upward channel and is now forming a potential bear flag!
Like I said in a previous update, BTC was strongly testing the channel and if it were to break support then we would definitely have to turn bearish! I did not take any trades and was only going to trade a potential break out of the wave and cup and handle formation - with TIGHT stops of course.
I have left the previous analysis drawings of the cup and handle with target for this chart. But will eventually remove them once they we are further and they are no longer relevant.
RSI is strongly oversold on the 4h chart at around 24 - on the 1d we have the RSI indicating 44 so we still may see even more downside! BE CAREFUL!
The MACD is showing bearish divergence and on the 1d about to show us the cross of death! Get ready guys this is going to get exciting!
It seems we are back under the downward channel trend-line - blue - and it showed NO evidence of support. BTC shot right through.
What we have now appearing on the 1h and of course even on the 4 hour chart is a potential bear flag. Do not count on the bear flag as we might see a strong reversal to the mean, BTC has been going down for a while. We have to leave more time for the bear flag to form before confirming anything. The bear flag formed should put us down to the 8k level this of course pushes us way past the 50% retracement level and down to the 38% level.
What's going on? Well our market cap is currently sitting at around 394 billion dollars - that's about 50 billion that have been wiped off the face of crypto. And it seems that the catalyst for this FUD is the SEC announcing that all exchanges must register with them:
www.bloomberg.com
This is after previous FUD where the SEC seems to be investigating any and all ICOs which could potentially be seen as securities and creators could face hefty fines and even prison time - I'm looking at you Ethereum.
Please if you have anymore information to share please do so in the comments below and I'll try to keep y'all updated.
This is not financial advice and I am not a financial advisor please do your own research!
Best of luck,
X




