Bitcoin's struggle continues

Naeem Aslam Zaye Capital Markets

After the massive drop in Bitcoin prices which occurred last week and over the weekend, Bitcoin has recovered some of its losses. Yesterday’s price action was particularly intriguing because the price challenged the 200-day SMA on the daily time frame. The hope among Bitcoin bull was that the price will be able to move above the 200-day SMA. However, Bitcoin has failed in breaking above the 200-day SMA and this is the first sign of weakness in the price action. The bitcoin’s price is already trading below the 100 and 50-day SMA which further confirms that the bulls are no longer in control of the price and it is bears who are controlling the narrative.

BTC bulls have also been watching the 4 hour time frame very closely and hoping that the Bitcoin price will stay above the 50-day SMA. Unfortunately, there aren’t much signs of strength there as well and if the BTC price fails to win its war against the 50-day SMA and doesn’t stay above the 50-day SMA, then we are likely to see more weakness.

The RSI is trending up for the past few days on the daily time frame and it has formed a higher high and higher low which is a sign of confidence for Bitcoin bulls.

The bottom line is that if the Bitcoin price is going to move higher, it needs to stay above the 50-day SMA on the 4-hour time frame and it also needs to stay above the 200-day SMA on the daily time frame.

Author

Naeem Aslam

Zaye Capital Markets

Based in London, Naeem Aslam is the co-founder of CompareBroker.io and is well-known on financial TV with regular contributions on Bloomberg, CNBC, BBC, Fox Business, France24, Sky News, Al Jazeera and many other tier-one media across the globe.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.