Bitcoin’s Key Resistance Stall Could Send it Tumbling Much Lower: Analysts
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CryptoQuant reported on 20 May 2026 that Bitcoin hit resistance at its 200-day moving average and is showing a trend reversal as demand flipped into contraction. The move mirrors March 2022 when a 43% rally stalled at the same level before prices declined, signalling downside risk for crypto prices, market adoption and DeFi/DEX sentiment.
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Bitcoin has hit resistance at its 200-day moving average and is showing signs of a trend reversal, according to CryptoQuant on Wednesday. The move closely mirrors a March 2022 pattern where a 43% rally stalled at the same level before prices declined further.
“Overall, Bitcoin demand has flipped into contraction,” the analyst wrote.
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