Bitcoin (BTC) has fallen below its 50-week Simple Moving Average (SMA), a crucial support level that had been maintained since early 2023. This decline, which resulted in a nearly 10% drop in Bitcoin's price over the past week, has sparked concerns about a potential bear market. The former support level is now acting as resistance around $102,868, indicating a possible shift in trend. The situation is reminiscent of MicroStrategy's (MSTR) previous break below its 50-week SMA, which preceded a prolonged decline. Amidst these developments, some analysts are pointing to potential opportunities in Bitcoin Layer-2 projects like Bitcoin Hyper (HYPER), which could see increased demand during market downturns.