Bitcoin has closed a weekly candle below its 200-week exponential moving average (EMA) for the first time since October 2023, marking the end of an 882-day uptrend. The cryptocurrency closed below the 200-week EMA near $67,628, signaling a potential shift in its long-term trend. Historically, Bitcoin's recovery above this level has varied, with past cycles taking between 8 to 30 weeks. On-chain metrics indicate a cooling momentum, with the 'liveliness' metric dropping below its 30-day and 90-day moving averages, suggesting reduced spending activity. The realized price band around $55,000 and a shifted realization near $42,000 are now key focus areas for potential demand zones. The market is closely watching whether Bitcoin can reclaim the 200-week EMA to reestablish its long-term uptrend, or if it will continue to test lower support levels.