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Bitcoin is exchanged below the crucial support levels after a massive sales pressure has crossed the market. Since the end of January, BTC has lost over 29% of its value, feeding the fear and uncertainty among investors. With the fears of the global commercial war that intensify and volatile macroeconomic conditions that shake the equivalvaluta and US shareholders’ markets, the traders are preparing for a further reduction risk.
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The feeling of the market remains overwhelming in an overwhelming way since Bitcoin is unable to hold key technical levels. The cryptocurrency analyst Daan shared a technical analysis on X, revealing that the BTC fell below the daily average of 200 Moving (but) and now he has re -established it as a resistance. Historically, this model indicates a continuation of the action of the bearish price, indicating that BTC could see more disadvantage in the coming weeks.
With Bitcoin fighting to resume the momentum, the next important move on the market will depend on the fact that the bulls can recover lost land or if further sales pressure will guide BTC to lower support levels. As the uncertainty increases, investors remain cautious, waiting for clear signals before making significant moves. The next few days will be crucial to determine if Bitcoin can stabilize or if the decay tendency will continue.
Bitcoin Downrend deepens while bears keep control
Bitcoin has remained in a persistent reduction tendency since the end of January, with the fear that continues to set lower price objectives among investors. Many now wonder if the BTC Toro cycle is finished, since the sales pressure intensifies and the feeling of the market becomes increasingly bearish.
The uncertainty that surrounds the macroeconomic conditions has fueled this decline, with the volatility on the rise from the US elections in November 2024. Given the fears of the ongoing commercial war and unstable global markets, it seems that this period of uncertainty will continue to weigh on the action of Bitcoin prices.
Crypto Daan analyst recently shared technical insights on X, stressing that BTC has lost the 200 -day mobile average (but) and has now tidied it up as a resistance. This signals that leads remain in control and bulls have a lot of work to do to recover this level.
According to Daan, Bitcoin experienced a similar scenario last year, in which prices cut around these levels for over three months before bursting. If the story repeats itself, BTC could enter another extensive consolidation phase, keeping the prices related for months.
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However, if the bulls are unable to recover the 200 -day ma/hema, it could follow a further disadvantage, bringing Bitcoin to even lower price levels. With the bears still in control, the market remains highly fragile and investors are observing closely to see if BTC can stabilize or if another important drop is on the horizon. The next few weeks will be fundamental as Bitcoin will find a support point or continues more deeply in the bearish territory.
Bitcoin blocked between $ 80k and $ 85k while fear continues
Bitcoin (BTC) is currently exchanging between $ 80,000 and $ 85,000, fighting to recover the key price levels in the middle of the growing sale of panic and fear. With the sales pressure that dominates the market, investors remain uncertain about Bitcoin’s next move while the bulls are unable to push BTC into a recovery phase.
For an upward reversal, BTC must contain over $ 80,000 and recover the level of $ 86,000, which would signal a renewed purchase interest and possibly prepared the foundations for a stronger trend. However, Bitcoin can enter a lateral consolidation phase of less than $ 90,000 – $ 88,000, prolonging uncertainty and maintaining unstable price actions for weeks.
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If BTC cannot defend the level of $ 80k, it increases the risk of a deeper correction, potentially pushing prices below the critical support areas. A break lower than $ 80k could trigger another sale wave, sending BTC to lower demand levels and extending the current structure of the bearish market. The merchants remain cautious, looking closely if Bitcoin can stabilize or if another great decline is ahead.
First floor image from Dall-E, TradingView chart