Bitcoin (BTC) analysts have identified the important thing BTC price levels to observe because the market's focus shifts to the $58,000-$65,000 zone because the last line of defense.
Bitcoin price is fluctuating between two key levels
Bitcoin is currently trading between the 200-week easy moving average (SMA) at $68,300 and the 200-week exponential moving average (EMA) at $58,400.
According to analyst Jelle, Bitcoin's trading history has generally seen major BTC lows form between the 200-week SMA and the EMA. This suggests that Bitcoin could also be forming a bottom between these trendlines.
While Bitcoin posted a weekly close above the 200-week EMA for the second day in a row, “that doesn’t mean every little thing is obvious now,” trader and analyst Rekt Capital said in a Monday X post, adding:
“With no significant uptrend from here, BTC risks losing the 200-week EMA over time, resulting in further downside.” BTC/USD weekly chart. Source: Rekt Capital
Crypto investor and entrepreneur Ted Pillows had a broader view, specializing in a bullish breakout at $71,000.
In a Tuesday post
“And if there’s a break below $66,000, BTC could rise back to $60,000.” 
BTC/USD two-day chart. Source: Ted Pillows
Cointelegraph reported that the CME gap between $80,000 and $84,000 could act as a magnet and represent the upper price goal for Bitcoin. With nine out of ten CME gaps closed since August 2025, the $80,000-$84,000 area is a very powerful level to observe for the upside.
Bitcoin bulls have to keep the value above $65,000
After turning away from $72,000 last week, Bitcoin found support at $65,000. Glassnode's cost base distribution heatmap shows a recently established significant support area between $63,000 and $65,000, where long-term holders have recently acquired around 372,240 BTC.
A decisive break below that level “would likely pave the solution to the realized price” of around $55,000, Glassnode said in a Monday post on X.
Bitcoin cost base distribution heatmap. Source: Glassnode
Current evaluation suggests that bears may try and keep BTC price below $65,000 to take care of control. If successful, the BTC/USDT pair could test the critical $60,000 level again. If the $60,000 support is broken, the following stop is prone to be at $52,500.
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