Bitcoin ($BTC ) Loses Support: 2025 to Begin With Crash? Shiba Inu ($SHIB ) Hits Critical Level, $XRP Struggles to Hold Above $2
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.
🔸 Shiba Inu touches crucial level
Shiba Inu has touched the 200 EMA, which is regarded as a significant support threshold, marking a turning point in its market performance. Although support levels are usually seen as chances for a rebound, it is alarming when the 200 EMA is reached in this situation.
