Bitcoin Breaks Below 2-Year Trend, Signaling Potential Bear Market

A recent drop below the two-year Simple Moving Average (SMA) has sent ripples through Bitcoin markets, sparking concerns about a potential shift toward a bearish phase. This historical indicator has historically marked turning points in market cycles. Analysts are particularly focused on whether price can rebound and hold above crucial support levels at around $85K-$86K or if it will continue weakening below $80K. A drop below this zone could trigger a further decline towards the high-70Ks.