Bitcoin trades near $93,000 after falling below $95,000 and retesting its 50-week moving average. It was down about 2% in 24 hours and up roughly 3% for the week.
The price slid about $3,000 within hours after failing to hold the $95,000 zone. Analyst Merlijn The Trader wrote “BTC weekly: make-or-break moment.” (Ed. note: This moving average has acted as support multiple times this cycle.)
He said reclaiming and holding the MA50 would support continuation higher. He warned that rejection at the MA50 could lead to more downside.
The asset remains above the 21-day moving average, which has supported recent higher lows. Analyst Michaël van de Poppe wrote “A lot of people are afraid… I don’t think you should.”
Support is forming near $90,000 while resistance sits between $100,000 and about $105,700. Traders say upside may stay limited without a high-volume break above that band.
The drop followed news of new U.S. trade tariffs, which hit markets early in the futures session. Daan Crypto Trades noted “BTC moved straight down from the futures open when TradFi got a chance to react.”
On-chain data shows some healthy signs under the surface, with long-term holders selling less. An on-chain observer Crypto Tice wrote “They’re clearly not selling like this is the top.” Data platform explained that recent buying came first in the spot market, suggesting early accumulation rather than leveraged-led demand.
