Bitcoin Slips Below Key Support: Is a Deeper Correction Ahead?

A critical technical breakdown meets weakening macro and ETF support

Source: illustration

Estimated reading time: 5 minutes

Bitcoin has fallen below a critical long-term indicator the 100-week exponential moving average (EMA).

This level has historically marked the boundary between bull and bear phases.

The key question: is this just a correction or the start of a deeper downtrend?

Key Takeaways

• BTC broke below the 100-week EMA