Bitcoin Faces Challenges as Exponential Moving Averages Have Not Turned Positive

SybilAttackVictim · 2026-02-09T08:12:49+00:00

Bitcoin is currently at $70.42K, with analysts indicating a need for more positive conditions for sustainable recovery. Key support from the 200-day EMA is crucial, while ETF funds show cautious behavior. On-chain data indicates a lack of panic selling but rising supply alongside losses suggests potential downward pressure. Investors should monitor the EMA 200-day support and ETF activity closely.

SybilAttackVictim

2026-02-09 08:12:49

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Bitcoin is currently at $70.42K, after recent efforts to rebound from recent highs. According to analysis from NS3.AI, the market needs more positive conditions to sustain a stable recovery. Analysts emphasize that key technical signals still do not show clear signs of a strong upward trend, instead early warnings are emerging from various indicators.

Support Level from the 200-Day Exponential Moving Average

One of the key factors highlighted by experts is the 200-day exponential moving average (EMA 200), which plays an important long-term support role for Bitcoin’s price. This level is considered an unbreakable anchor in the current context. When Bitcoin’s price recently faced downward pressure, the protection offered by the EMA 200 became a focal point for the investor community. If BTC cannot maintain its position above this support level, the risk of further decline will increase significantly.

Cautious Behavior from ETF Funds

Demand from Bitcoin exchange-traded funds (ETFs) is showing warning signs. Institutional investors are approaching the current average cost cautiously, without strong buying surges. This reflects a higher perceived risk in the market, with organizations not yet ready to inject significant capital into BTC at this price level.

Warning Signals from Supply and Market Momentum

On-chain data shows certain optimistic signals — investor profits and current on-chain indicators suggest no clear panic selling is occurring. However, more concerning is the increase in supply accompanied by losses, a potential sign of upcoming downward pressure. These indicators are early warnings that the market may be entering a decline phase before any strong recovery can happen.

In summary, Bitcoin is in a sensitive transition phase, where basic exponential moving averages and other technical signals still do not provide clear confirmation of a long-term bull market. Investors should closely monitor the ability to hold the EMA 200 level as well as ETF activity in the coming weeks.

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