Bitcoin Tests 50-Week Moving Average with Potential Decline to $60,000 by 2026

Bitcoin is testing its 50-week simple moving average, a key long-term trend indicator that could determine the current cycle's trajectory. A close below this level suggests a 60-70% probability that the cycle peak has already occurred, according to market analysis. Failure to reclaim the 50-week SMA could lead to a decline toward the 200-week moving average in the $60,000-$70,000 range by mid-to-late 2026.