Bitcoin Just Erased All of Its 2025 Gains—And the 'Picture Remains Fragile', Says Analyst
Bitcoin has erased all gains made in 2025, dropping below $93,000 for the first time in nearly seven months, driven by a breach of key support levels and concerns over a delayed market cycle. Currently trading around $92,123, Bitcoin has fallen over 2.3% in the last day and about 13% in a week. QCP Capital analysts noted a decisive break below the 50-week moving average and a significant bearish sentiment surrounding the anticipated four-year cycle, which historically influences Bitcoin's price trajectory. A vital support level at $92,000 coinciding with an unfilled CME gap could act as a pivot for recovery; however, macroeconomic uncertainties and low liquidity impede a potential rebound. The analysts highlighted that the government's recent shutdown led to substantial market capital drainage, exacerbating the current downward momentum. As traders adapt to a possibly broken traditional cycle, ongoing price drops in popular cryptocurrencies like Ethereum and XRP underscore the overall market's fragile state.
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