{"id":36668,"date":"2026-02-24T10:00:07","date_gmt":"2026-02-24T10:00:07","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=36668"},"modified":"2026-02-24T10:00:07","modified_gmt":"2026-02-24T10:00:07","slug":"bitcoin-positioned-for-more-pain-following-weekly-close-below-this-critical-level","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=36668","title":{"rendered":"Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level"},"content":{"rendered":"

After closing the week below a crucial support level, Bitcoin (BTC) has fallen below the $65,000 support for the first time since the early February crash, reaching a two-week low of $64,152.<\/p>\n

Amid this performance, some analysts have warned that the flagship crypto could be on the \u201ccusp of bearish acceleration,\u201d warning that another major crash could be around the corner.<\/p>\n

Bitcoin Loses The 200-Week EMA<\/h2>\n

On Monday, analyst Rekt Capital highlighted<\/a> that Bitcoin produced a \u201chistorically pivotal\u201d development after closing last week below the 200-week Exponential Moving Average (EMA), which currently sits \u201cat the center of a major confluence zone.\u201d<\/p>\n

Notably, the 200-week EMA aligns with BTC\u2019s Post-Halving Re-accumulation Range highs, located between $66,000-$71,000. Meanwhile, the Post-Halving Re-accumulation Range lows, around the $58,000-$60,000 levels, define the broader structure of BTC\u2019s current range.<\/p>\n

\"bitcoin\"<\/p>\n

Over the past three weeks, the cryptocurrency attempted to develop a demand region around this area, which was previously a major supply area. However, this level hasn\u2019t historically<\/a> been a structurally reliable support for BTC\u2019s price, the analyst asserted, noting that it has previously acted as a 10-month resistance.<\/p>\n

\u201cIn the current structure, we have seen three consecutive weeks of elevated sell-side volume in this region, with limited meaningful buy-side response,\u201d he explained.<\/p>\n

Per the post, this imbalance has led to a weekly close below the 200-week EMA, losing it as support in this timeframe. This suggests that a \u201ccontinuation of Bearish Acceleration into its second wave\u201d could follow soon.<\/p>\n

The analyst cautioned that now that price has closed<\/a> the week below this critical level, there is a \u201cstrong probability that Bitcoin presses back toward the underside of that EMA to attempt turning it into new resistance.\u201d<\/p>\n

If the underside retest holds, the structure would shift from defending the support to confirming the resistance at this level. He warned that if that level begins to act as resistance, downside continuation will become increasingly probable.<\/p>\n

BTC\u2019s Bottom Targets $30,000<\/h2>\n

Rekt Capital also noted that BTC\u2019s recent performance aligns closely with its price action in prior cycles. As he detailed, in 2018 and 2022, a weekly close below the 200-week EMA acted as a structural trigger to the second wave of bearish acceleration.<\/p>\n

\u201cBitcoin would attempt to reclaim the level, turn it into resistance, and then dissipate lower. That pattern is now attempting to replicate itself,\u201d he asserted.<\/p>\n

Similarly, Ali Martinez pointed<\/a> to the cryptocurrency\u2019s historical performance, but on the three-day chart, affirming that this has been one of BTC\u2019s key timeframes from a macro perspective.<\/p>\n

According to Martinez\u2019s post, market observers must watch the upcoming interaction of the 50-day and 200-day Simple Moving Averages (SMAs), as the crossover between these two indicators on the three-day timeframe has historically preceded the final leg down of the bear market.<\/p>\n

Bitcoin dropped around 50%-72% from its 2013, 2017, and 2021 cycle tops before its death crosses took place in late 2014 and 2018, and mid 2022. Following the 50-day and 200-day SMAs crossovers, the flagship crypto experienced another 45%-52% decline.<\/p>\n

Now, BTC has fallen more than 52% from its October 2025 peak and is approaching a potential<\/a> death cross on the three-day chart by the end of February. \u201cIf history repeats \u2014 even partially \u2014 this could signal the beginning of the final leg down of this cycle,\u201d the analyst warned.<\/p>\n

Based on this, Martinez predicted that another 30%-50% correction from current levels could follow, placing the cryptocurrency\u2019s target near the $30,000-$40,000 supports. \u201cIf the cross confirms, it becomes a level to take very seriously,\u201d he concluded.<\/p>\n

\"bitcoin,<\/p>","protected":false},"excerpt":{"rendered":"

After closing the week below a crucial support level, Bitcoin (BTC) has fallen below the $65,000 support for the first time since the early February crash, reaching a two-week low of $64,152. Amid this performance, some analysts have warned that the flagship crypto could be on the \u201ccusp of bearish acceleration,\u201d warning that another major […]<\/p>\n","protected":false},"author":1,"featured_media":36669,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-36668","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nBitcoin Positioned For More Pain Following Weekly Close Below This Critical Level - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=36668\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"After closing the week below a crucial support level, Bitcoin (BTC) has fallen below the $65,000 support for the first time since the early February crash, reaching a two-week low of $64,152. Amid this performance, some analysts have warned that the flagship crypto could be on the \u201ccusp of bearish acceleration,\u201d warning that another major […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=36668\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-24T10:00:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptomag.finance\/wp-content\/uploads\/2025\/06\/generic-crypto-image.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level\",\"datePublished\":\"2026-02-24T10:00:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668\"},\"wordCount\":593,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/sean-benesh-x01JEi0jk8E-unsplash-1Ffh8b.jpg\",\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=36668\",\"name\":\"Bitcoin Positioned For More Pain Following Weekly Close Below This Critical Level - 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