Analyst: BTC risks fall to $67K amid weekly dead cross pattern

Crypto analyst Gamza Khanzadaev has warned that Bitcoin (BTC) could fall as low as $67,000 if it breaks below the $86,000 support level, U.Today reported. Khanzadaev explained that if BTC fails to reclaim $90,000 before the weekly candle closes, a dead cross pattern on its weekly chart will persist. This technical formation occurs when the 50-week moving average is at risk of crossing below the 200-week moving average. He noted that a breach of the key $86,000 support would open the door to the next major support level at $74,111, rather than $80,000. While the dead cross is not yet confirmed, the analyst believes a lack of strong buying pressure this week could initiate a medium- to long-term downtrend.