Bitcoin’s price problems now seem to have no end in sight, with Bitcoin falling further to a monthly low of just over $74,000.
This comes after popular analyst CW claimed that while retail investors were dumping assets, whales were setting up buy orders that could absorb the pressure.
Bearish market structure returns
After losing $8,000 in just one week, many analysts turned the page on price analysis. For example, Gell warned: $BTC It has fallen below both the 100D and 50D moving averages as the local market structure is “turning bearish.”
The analyst previously warned that if prices fall below both of these key levels, it could open the door to a deeper correction, as there is “a large amount of untapped liquidity that is ripe for a break below.”
Fellow analyst CW tried to bring in some positivity, arguing that Bitcoin whales are gaining momentum by trying to absorb sell volume through buy orders at current price levels. CW added that by canceling sell orders at high prices, “we are absorbing the selling volume from retail investors.”
crypto potato Earlier today, I listed five reasons why. $BTCThe crash stopped at $75,000 at the time. This includes selling by major investors, but perhaps the most plausible one is the growing uncertainty and tensions between the US and Iran. The latest reports on the front indicate that the ceasefire may soon end, which historically means $BTC.
what $BTC What to do
Another popular analyst, Daan Crypto Trades, outlined a potential recovery path for Bitcoin if it recovers soon. The key level to recover remains the area of the low $80,000 area “with the horizon and the daily 200 MA/EMA right there.”
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He explained that the bulls need to “take this lower and break through the resistance.” But he warned that if this is not achieved soon, it will simply be “another lower high in a larger downtrend since the all-time high in October 2025.”
$BTC Looking at the chart, it’s still pretty easy from here.
Bitcoin needs to clear the low $80,000 area where the horizon and the daily 200MA/EMA are very close to the same area.
This is the first “big sell” on this bar after the April rally. … pic.twitter.com/01yL1CqatF
— Daan Crypto Trades (@DaanCrypto) May 22, 2026
