{"id":93577,"date":"2026-05-19T12:31:36","date_gmt":"2026-05-19T12:31:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=93577"},"modified":"2026-05-19T12:31:36","modified_gmt":"2026-05-19T12:31:36","slug":"bitcoin-down-to-77000-at-key-resistance-level-what-is-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=93577","title":{"rendered":"Bitcoin Down To $77,000 At Key Resistance Level: What Is Going On?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) trades below $77,000 after getting rejected at the 200-day moving average, and analyst <strong>Benjamin Cowen<\/strong> expects weakness to persist into Q3 and early Q4.<\/p>\n<h3 class=\"wp-block-heading\">200-Day MA Provided Resistance In Every Bear Market<\/h3>\n<p>The 200-day moving average <a href=\"https:\/\/www.youtube.com\/watch?v=M5d5fbiSfhc\">provided<\/a> resistance in May 2018, March 2022, and now May 2026. Bitcoin rallied to the 200-day MA in all three cases before selling off into June.<\/p>\n<p>The only exception was 2014 when Bitcoin got slightly above the 200-day MA in June before ultimately collapsing.\u00a0<\/p>\n<p>Cowen noted that bear markets typically see Bitcoin find temporary support around the 20-week moving average at $75,000 after getting rejected at the 200-day MA.<\/p>\n<h3 class=\"wp-block-heading\">Two Paths To October Bottom<\/h3>\n<p>Cowen outlined two scenarios leading to a Q4 low. The more bearish path sees Bitcoin drop into May, hold briefly, then sell off into June and sweep the February low like it did in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/05\/52658879\/bitcoin-down-to-77000-at-key-resistance-level-what-is-going-on?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" down to at key resistance level: what is going on>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) trades below $77,000 after getting rejected at the 200-day moving average, and analyst Benjamin Cowen expects weakness to persist into Q3 and early Q4. 200-Day MA Provided Resistance In Every Bear Market The 200-day moving average provided resistance in May 2018, March 2022, and now May 2026. Bitcoin rallied to the 200-day [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-93577","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93577"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/93577\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}