BTC’s rejection at the 200-day EMA near $82,580 raises concerns of a repeat 30% decline, analysts warn.
Bitcoin fell 2.25% to $80,500 after failing to break above its 200-day exponential moving average, a key resistance level. The rejection mirrors past sell-offs, where BTC dropped 25% and 36% following similar technical failures.
The 200-day EMA has capped Bitcoin’s rebound attempts since November 2025. Analysts note that a decisive break above $82,580 could signal the end of the bear market, but current momentum suggests further downside.
If BTC repeats its average 30% drawdown from this level, prices could fall toward $56,600 in the coming sessions, according to technical models.