Bitcoin's Bull Run in Jeopardy as 50-Week MA Looms

Coin WorldTuesday, Mar 4, 2025 10:24 am ET

1min read

Bitcoin's bull market may be nearing its end, according to crypto analysts, as the digital currency's price continues to fluctuate. Despite recent gains, Bitcoin remains in bear territory, with a weekly close below its 50-week moving average (MA) potentially signaling the end of the ongoing bull market.

Crypto analyst Mikybull Crypto has identified the 50-week MA as a crucial support level for Bitcoin. In a March 4 X post, the analyst pointed out that a similar breakdown in 2021 marked the end of that bull run. Bitcoin peaked at $69,000 before closing below the 50-week MA at $42,500, triggering a prolonged bear market. Today, BTC is testing this key level again, now at around $75,000.

The MA50 acts as a foundation during bull cycles, smoothing out price trends. Historically, losing this level has led to deeper corrections or the start of bear markets. Meanwhile, analyst CipherX believes Bitcoin's real move is yet to come, but investors should anticipate further losses before any upside push. In this case, the expert predicted a potential dip toward $78,000 before a strong bounce.

Bitcoin's latest slump follows the hype around President Donald Trump's strategic crypto reserves announcement, which briefly pushed the cryptocurrency above $90,000 before it tumbled. The move sparked backlash, with critics like economist and Bitcoin skeptic Peter Schiff accusing Trump of a "crypto rug pull" for including multiple cryptocurrencies rather than focusing solely on Bitcoin as he promised on the campaign trail.

Adding to market jitters, Trump's latest tariff plans are moving forward, fueling over $1 billion in liquidations across exchanges. Bitcoin's losses could also extend further as institutional demand weakens. In this line, on March 3, spot Bitcoin exchange-traded funds (ETFs) recorded a $74.2 million outflow, following $2.39 billion in net outflows last week.

If outflows persist, Bitcoin could test $80,000, a key level to watch. A deeper drop could invalidate hopes of a March rebound. Bitcoin was trading at $83,262 at press time, down 10% in 24 hours. On the weekly chart

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