Bitcoin price under pressure as 21-Week EMA weakens, $60,000 at risk

From a higher-timeframe perspective, Bitcoins structure has shifted decisively bearish. Consecutive lower highs and expanding downside candles reflect aggressive selling pressure, with buyers struggling to regain control.

The loss of the 21-week EMA has historically marked a transition from bullish continuation into deeper corrective phases, and current price behavior aligns with that pattern.

Bitcoin is now trading near the 200-week EMA, a level that has only been tested during periods of extreme market stress.

The last meaningful interaction with this EMA occurred around the $27,000 region, highlighting the importance of this support in the broader market cycle. A sustained loss of this level would signal that bearish momentum remains dominant and that the market is seeking lower value.

$60,000 Support Faces Increasing Pressure

As price continues to weaken, the $60,000 level has emerged as a critical psychological and technical threshold.

A breakdown below this area would likely accelerate downside momentum, particularly if it coincides with confirmed EMA losses on the weekly timeframe.

Below $60,000, attention turns toward the $57,000 region, followed by a deeper confluence zone near $54,000. This area aligns with the 0.618 Fibonacci retracement of the broader move, as well as a key daily support region. Together, these levels form a high-probability downside target should current EMA support fail.

Aggressive bearish structure raises capitulation risk

One of the most notable characteristics of the current market is the strength and persistence of bearish momentum.

Unlike shallow pullbacks seen during strong uptrends, this correction has unfolded with speed and conviction, suggesting forced selling rather than healthy consolidation.

Historically, aggressive bearish structures often resolve with capitulation once major support levels are lost.

In Bitcoins case, a weekly close below the 200-week EMA could trigger panic-driven selling, flushing remaining weak hands from the market. While such moves are typically violent, they also tend to precede meaningful local bottoms.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, Bitcoin is at a pivotal moment. The current EMA support zone represents a critical line in the sand for bulls. Holding above this region could allow for stabilization and a corrective bounce, though any recovery would remain vulnerable unless key resistance levels are reclaimed.