Bitcoin Price Entered a Fresh Bearish Phase

Bitcoin price recently tested the 200-day moving average and struggled to move above this major resistance zone. In previous market cycles, this moving average has acted as a strong barrier during recovery attempts, and once again buyers failed to maintain momentum above it. After touching the level, Bitcoin price started to pull back and showed weakness on the daily chart.
On the daily timeframe, Bitcoin also moved below a secondary bullish trend line that had supported the recent upward movement. The 75K USD area remains one of the most critical support zones on the chart. This level previously acted as resistance before turning into support after the breakout. If buyers manage to defend this area again, it could confirm a healthy retest and keep bullish hopes alive.
Technical indicators are beginning to show bearish pressure. The RSI indicator lost its short-term upward structure after breaking beneath a small rising trend line. At the same time, the MACD indicator is starting to curve downward after losing momentum near the top zone, which often signals weakening buying strength.
The Fisher Indicator is also pointing lower, suggesting that sellers are slowly gaining control. Because of these signals, Bitcoin may continue printing more red daily candles in the short term before finding stronger support. Traders will likely pay close attention to the weekly chart for confirmation of the broader midterm trend.
The 75K USD region remains the key level to watch. If Bitcoin closes below this support area, the price could move toward the lower boundary of the descending channel and increase bearish pressure across the market.