According to an X post by seasoned crypto analyst Ali Martinez, BTC is now trading below the 200-day MA, a key price level that has historically functioned as a strong support for the top digital asset.
For the uninitiated, the 200-day MA is a famous technical indicator that essentially represents the average closing price of BTC over the last 200 days to identify the long-term price trend. Historically, a sustained movement above the 200-day MA has led to long-term uptrends while a prolonged price movement below the level has often preceded further declines.
Martinez stressed that BTC must remain above the TD Sequential indicator’s risk line at $79,280. He added that a sustained move above this level could set the stage for a strong rebound to the upside.
The potential for a BTC recovery was echoed by fellow crypto analyst Ted. In a post on X, he pointed out that over the past two years, BTC has frequently undergone 25% to 30% corrections before rebounding to new all-time highs (ATHs).
If BTC follows a similar pattern and climbs 30% from its current price, it could reach approximately $104,000 in a short period. However, broader macroeconomic factors – such as US President Donald Trump’s trade tariffs and the Federal Reserve’s (Fed) monetary policy – could significantly impact BTC’s trajectory
