{"id":11853,"date":"2026-06-05T17:00:34","date_gmt":"2026-06-05T17:00:34","guid":{"rendered":"https:\/\/coinstrend.net\/blog\/bitcoin-price-in-vulnerable-position-as-2022-playbook-repeats-is-54000-next\/"},"modified":"2026-06-05T17:00:34","modified_gmt":"2026-06-05T17:00:34","slug":"bitcoin-price-in-vulnerable-position-as-2022-playbook-repeats-is-54000-next","status":"publish","type":"post","link":"https:\/\/coinstrend.net\/blog\/bitcoin-price-in-vulnerable-position-as-2022-playbook-repeats-is-54000-next\/","title":{"rendered":"Bitcoin Price In \u2019Vulnerable Position\u2019 As 2022 Playbook Repeats \u2013 Is $54,000 Next?"},"content":{"rendered":"

While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point.<\/p>\n

Bitcoin Tags Key 200\u2011Week SMA After Four Years<\/h2>\n

After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support. The flagship crypto had been trading between $64,000-$82,000 since the early February crash, holding above the upper half of the range for nearly two months.<\/p>\n

However, this week\u2019s broader volatility pushed BTC toward the range\u2019s lower boundary for the first time in months, reaching a four-month low of $61,383 on Wednesday night.<\/p>\n

Amid this performance, market observer Rekt Capital highlighted<\/a> that the cryptocurrency had tagged the 200-week Simple Moving Average (SMA) for the first time in this bear cycle, which may signal that another correction is coming.<\/p>\n

As he explained, deviation below this SMA has \u201chistorically been the key to building out a Bear Market bottom formation.\u201d In June 2022, Bitcoin reached this level during its bear market correction, quickly losing it as support on the weekly timeframe.<\/p>\n

\"Bitcoin\"<\/p>\n

Following the initial drop below the 200-week SMA, the leading crypto traded sideways, briefly retesting this level before continuing its descent to its late 2022 bear market bottom.<\/p>\n

Now, BTC has reached this key SMA nearly four years later, suggesting a drop to new lows if the 2022 playbook repeats. The analyst noted that Bitcoin has been rejected from a critical area and has broken a key level, another similarity to past bear market corrections.<\/p>\n

According to the post, BTC was rejected from the base of the Macro Triangle after failing to break past the $82,500 area, revisited the 50-Month EMA during the recent drop, and is currently breaking down from this EMA, a setup that has repeated each cycle before the market bottom.<\/p>\n

BTC\u2019s $60,000 Support About To Give In?<\/h2>\n

Rekt Capital pointed<\/a> out that Bitcoin rallies from the $60,000 region have progressively weakened since 2024, signaling deteriorating support. While the price surged 113% from this area during the mid-2024 rally, the February 2026 retest only generated a 38% move.<\/p>\n

Now, the cryptocurrency has bounced 4% so far, \u201cbut it\u2019s very likely that the rebound from here will be even weaker,\u201d the analyst stated, adding that the \u201c$60,000 area will be completely lost as support over time.\u201d<\/p>\n

He also stated<\/a> that during bear markets, Bitcoin tends to form multi-month price clusters, followed by new Macro Lower Highs before distributing from the clusters to reach new lows.<\/p>\n

\u201cThe good news is there are 1-2 such clusters left in this Bitcoin Bear Market, with the Bear Market Bottom being the final cluster,\u201d he concluded.<\/p>\n

Meanwhile, Ali Martinez affirmed<\/a> that the recent breakdown from the $72,000 support has left Bitcoin \u201cin a vulnerable position,\u201d as it opens the door for a 25%-30% correction based on the MVRV Pricing Bands.<\/p>\n

The analyst previously noted that Bitcoin has consistently bottomed between the 1.0 and 0.8 MVRV Pricing Bands over the past decade. Now, the next major area of support is between $54,000 and $50,000, where the 1.0 pricing band is located.<\/p>\n

\"Bitcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Bitcoin Tags Key 200\u2011Week SMA After Four Years After falling 15% over the past four…<\/p>\n","protected":false},"author":1,"featured_media":11854,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[36,1593,1296,3950,3497,85,42,43,72,708,22],"class_list":["post-11853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-bitcoin-bear-market","tag-bitcoin-bottom","tag-bitcoin-breakdown","tag-bitcoin-mvrv-pricing-bands","tag-bitcoin-price","tag-btc","tag-btcusdt","tag-crypto-analyst","tag-crypto-market-correction","tag-cryptocurrency-market-news"],"_links":{"self":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/11853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/comments?post=11853"}],"version-history":[{"count":0,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/posts\/11853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media\/11854"}],"wp:attachment":[{"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/media?parent=11853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/categories?post=11853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinstrend.net\/blog\/wp-json\/wp\/v2\/tags?post=11853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}