Bitcoin’s (BTC) failure to close the week above the 200-week exponential moving average (EMA) on Sunday put it at risk of another downward leg over the coming weeks or months.Key takeaways:Bitcoin price signals “structural weakness” with failure to close week above a key trend line.Analysts say the next breakdown clears path for another sell-off toward $46,000.The $47,000 level features as a deep structural support for Bitcoin. Bitcoin price weakness sparks sub-$50,000 targetsData from TradingView showed BTC/USD trading at $71,190, or 6% higher than its intraday low of $67,300.The pair had failed to produce a weekly close above the 200-weekly EMA on…

In brief Last week’s drop in Bitcoin’s price coincides with crypto ETF outflows spiking to $177 million. Bitcoin is up 7% since February 28, when the war began, outperforming the S&P 500 (-4.6%) and gold (-17%). Experts eye $80,000 as “key inflection point” for altcoin rotation; Trump announces potential Iran ceasefire. Bitcoin’s drop from its peak above $75,000 last week has solidified its month-long sideways price action. While the leading cryptocurrency remains sensitive to immediate geopolitical headlines, broader market sentiment was tempered by last week’s $177 million outflows from exchange-traded funds across the crypto sector.The weekly pullback, which saw Bitcoin…

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