What Bitcoin Did Every Time It Fell to Its 200-Week Average - 24/7 Wall St.

Bitcoin has once again dipped to its 200-week moving average, a key technical indicator that many long-term investors view as support. The cryptocurrency is currently trading around $68,700, following an intraday low of $67,555, which was its lowest daily low since August 19. This puts Bitcoin 45.5% below its all-time high of $126,080 from October 6, 2025.

According to analysts at crypto exchange Bitfinex, Bitcoin has closed below $75,400 for six consecutive days, roughly the average price recent buyers paid. Many of these buyers now face losses and could sell during rebounds, adding supply as Bitcoin tries to regain that level. Bitfinex notes that a weekly close above roughly $68,000 would keep the long-term trend intact.

Historical Patterns

Bitcoin's weekly price record shows four instances since 2018 when it fell to or below the 200-week average. Each one led to higher prices within a year, though the timing and size of recovery varied. The 2022 trip was the longest, with Bitcoin dipping to $15,598 weekly low in November 2022 following the FTX collapse.