The major safety net for BTC is gone; a drop under $85,000 may spark additional selling

Bitcoin Breaks Two-Month Support, $75,000 Becomes Key Level

Bitcoin has fallen through a crucial price floor it had been holding for two months, with charts now pointing to $75,000 as the next major support.

The key level? Bitcoin’s 100-week simple moving average, which had acted as a reliable safety net since November. Buyers consistently stepped in on every dip for nine straight weeks, preventing further losses.

On Thursday, BTC dropped below $85,000, decisively breaking the 100-week average and signaling that sellers are in control. If the selloff continues, $75,000—a level that halted declines in April last year—emerges as the next support.

Below that, the 200-week moving average at $58,000 is the next line of defense.

While technical levels guide traders, they don’t guarantee outcomes. A return above $95,000—where buyers were repeatedly outbid in December and early January—would flip sentiment back toward bullish.