Bitcoin's price performance 📉 as 2024 comes to an end worries investors. At the 50 EMA 📊, a level essential to sustaining bullish momentum 📈, Bitcoin has lost its main support. This break signals a substantial change in market sentiment 😟 and raises the prospect of additional declines 📉 as 2025 gets underway.
A bearish signal 🚨, the 50 EMA's loss could lead to more selling pressure 💱, particularly if traders expect the downtrend to continue. The 200 EMA 📉, which is around $76,160, and the psychological level 🧠, which is at $85,457, are the next important support levels. Even more severe drops 📉📉 may occur in the first quarter of 2025 if Bitcoin is unable to stabilize 🛑 at these levels.
Recent trading session volume profiles 📉 point to waning market activity, which makes Bitcoin even more vulnerable ⚠️. A recovery to retest the 50 EMA appears unlikely 🚫 in the near future in the absence of strong buying pressure 💪. Nonetheless, it might indicate a brief recovery 🌟 and reestablish some market confidence 🤞 if bulls 🐂 are able to push Bitcoin back above the 50 EMA in the upcoming days 📅.
Bearish momentum 💔 may not yet be exhausted, as indicated by the Relative Strength Index (RSI) 📊, which is trending lower while remaining in the neutral zone ⚖️. Given the current lack of robust institutional or retail demand 🏦🛍️, the outlook is still cautious 🕵️. The climate for Bitcoin is going to be difficult 🌩️ in 2025.
A strong catalyst 🚀 is required by the market to prevent further losses 🔻, which could include technical recovery 📈 above critical levels such as $96,472, macroeconomic changes 📉➡️📈, or renewed institutional interest 🏦✨.