Bitcoin falls into a technical no man’s land as major support levels sit miles away

Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.

Melinda 1 hour ago 3 minutes read

Markets

Bitcoin falls into a technical no man’s land as major support levels sit miles away

Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.

By James Van Straten, AI Boost|Edited by Jamie Crawley

Jun 29, 2026, 9:40 a.m.

2 min read

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Summary

Bitcoin remains below major resistance levels, including the True Mean Price, 200 Day Moving Average, 128 Day Moving Average, and the Short Term Holder Cost Basis, highlighting continued market weakness.
Historical bear market cycles have seen bitcoin bottom 5-10% below major onchain valuation metrics, pointing to a potential downside target around $45,000.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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