Analysts Warn Bitcoin Could Slide to $30,000 as Key Supports Break
Bitcoin (BTC) has dropped toward the $82,000–$83,000 area after a nearly 9% one‑day retrace and is attempting to turn that zone into support. Analysts warn the loss of weekly macro supports — notably the 100‑week EMA and the bottom of a multi‑month Macro Triangle — increases the risk of a deeper bear market. Chart analyst Ted Pillows highlighted historical precedents: previous weekly closes below the 100‑week EMA (2018 and 2022) preceded ~50% losses within weeks, and cycle tops then produced bear-market retracements of 77–83%, implying a possible BTC bottom near $30,000 if history repeats. Rekt Capital flagged a breakdown from the Macro Triangle bottom would “confirm bearish acceleration,” while noting an imminent EMA crossover is signalling weakness rather than directly predicting further falls. Bitcoin trades around $83,100 on the weekly chart. Key keywords: Bitcoin, BTC price, 100‑week EMA, Macro Triangle, $30,000 target, bearish acceleration.
Bearish
The article highlights loss of key weekly supports (100‑week EMA and the Macro Triangle bottom) and references historical precedents where similar weekly breakdowns led to rapid, large drawdowns (2018 and 2022). Those historical patterns — 50%+ short-term falls after weekly closes below the 100‑week EMA and 77–83% cycle retracements from tops — create a plausible path toward a substantially lower BTC price (analysts suggest ~ $30,000). Technical confirmations noted (breakdown of triangle bottom, EMA crossovers) are classic bearish signals that typically trigger accelerated selling, stop-loss cascades and increased liquidation risk in leveraged derivatives markets. Short-term impact: elevated volatility and downside risk; traders should expect greater sell pressure, widening bid‑ask spreads, and potential liquidations in futures markets if $82k–$86k levels fail to hold. Long-term impact: if the pattern fully repeats, a deeper bear market could set new cycle lows and reset longer-term trendlines, but a failure to confirm breakdown (reclaiming descending resistance and holding above weekly EMAs) would invalidate the bearish thesis and could prompt a sharp mean‑reversion rally. Risk management: use tighter stops, reduce directional leverage, monitor weekly closes, the 100‑week EMA level, and the Macro Triangle boundaries. Historical parallels (2018, 2022) suggest fast, large declines can occur once weekly structure breaks, so traders should prioritize liquidity and position sizing.