Bitcoin closed at $78,635 in January (down 38% from its all-time high). 200-week moving average: $58,000 Actual price: $55,000, continuing its decline Relative Strength Index (RSI) below 50 (blue zone): Officially entering bear market territory Historically, Bitcoin prices have fallen to the 200-week moving average/actual price level. However, bullish momentum is currently weak (no red zone appears), so the bearish momentum may be shallow.