Bitcoin Just Erased All of Its 2025 Gains—And the 'Picture Remains Fragile', Says Analyst

Bitcoin has erased all gains from 2025, falling below $93,000 for the first time in nearly seven months. Analysts attribute this decline to a breach of key support levels, notably the 50-week moving average, which has led to a bearish market sentiment. Trading volume for Bitcoin surged to $114 billion recently, and approximately $335 million in derivatives were liquidated as the price dropped 2.3% in a day and 13% over the past week. The $92,000 level is identified as crucial support, coinciding with an unfilled CME gap, but concerns over macroeconomic uncertainties may restrict any potential rebound. Additionally, analysts reference a possible end to the traditional four-year cycle for Bitcoin, indicating that a significant price drawdown often follows after a halving. This timely analysis is further complicated by the impacts of the recent U.S. government shutdown, which has restricted liquidity in the crypto markets, heightening caution among traders about future price trajectories.

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