Bitcoin’s key floor has given way—sliding below $85,000 could intensify selling pressure

Bitcoin Breaks Key Support, Eyes Turn to $75,000

Bitcoin has slipped below a crucial price floor it had defended for two months, with charts now pointing to $75,000 as the next key support.

The level in focus is Bitcoin’s 100-week simple moving average, which had acted as a reliable safety net since November. For nine straight weeks, buyers stepped in on every dip, preventing deeper losses.

On Thursday, BTC fell below $85,000, decisively breaching the 100-week average and signaling that sellers are in control. Should selling continue, $75,000—a level that previously halted declines in April—becomes the next major line to watch.

Below that, the 200-week moving average at $58,000 is the next potential support.

Traders also note that reclaiming $95,000—a level where buyers were repeatedly outbid in December and early January—would shift sentiment back toward bullish