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Bitcoin (BTC) undergoes severe sales pressure, having lost the level of $ 85,000 just days ago. This rupture has pushed the market to its lowest levels since November 2024, increasing the fear and uncertainty of investors. The entire cryptography market has difficulties, weighed down by negative macroeconomic conditions and a global change in the feeling of risk.
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The policies of the American president Trump added to volatility and instability, while the increase in fears of the war of trade and erratic economic decisions continue to tighten investors. The US stock market has fallen to its lowest point since September 2024, feeding more concerns that wider financial markets are weakening, causing bitcoin and other cryptocurrencies with them.
According to Glassnode Data, the Mayer multiplier suggests that the next key support level for Bitcoin is at $ 66,000. If the current sale continues, BTC could test this level in the coming weeks, marking a significant correction of its recent summits.
With Bitcoin at a crucial pointTraders and investors look closely, that the BTC can stabilize and recover key levels or if the additional decline is ahead. The next few days will be essential for Bitcoin’s short -term prospects.
Bitcoin is struggling below 200 days
Bitcoin has been in a constant decrease to decline since the end of January, fear dominating the feeling of investors. Many now believe that the bull cycle is finished, because BTC continues to fix lower tops and break the key support levels. With the assembly of the sales pressure, the market remains under lower control and lower objectives are set by prudent investors.
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Since the US elections in November 2024, macroeconomic uncertainty and volatility have been the main engines on the market. The increase in global trade tensions, erratic economic policies and the confidence of shaken investors have all contributed to the prolonged Bitcoin correction. The American stock markets are also in difficulty, Bitcoin failed to find the momentum necessary for a recovery.
Higher analyst Ali Martinez Shared ideas on XStressing that Bitcoin is now negotiated below the 200 -day mobile average, a key technical indicator which often signals a long -term trend. According to Mayer Multiple, the next level of major support is at $ 66,000. If BTC does not stabilize above current levels, additional sales pressure could send Bitcoin to this lower support area in the coming weeks.
For Bitcoin to reverse its downward trend, bulls must recover the MA of 200 days around $ 83,500. A rupture and a maintenance above this level would indicate the return of force to the market and could prevent the decline more. However, if the BTC does not resume the momentum, fear and uncertainty will continue to reduce prices, which makes the next crucial weeks for the structure of the Bitcoin market. Investors are looking closely at pricing while Bitcoin remains at a critical point that could define its trend in mid-term.
BTC Eyes $ 85,000 for recovery
Bitcoin is currently negotiated at $ 81,700 after losing the mobile average (MA) of 200 days at $ 83,450, a key technical level which previously supported his bullish momentum. The BTC now negotiating below this critical indicator, the market remains under down pressure, and the traders watch closely for signs of a potential reversal.
For the Bulls to regain control, BTC must recover the $ 85,000 mark in the coming days. A strong push above this level would arouse a renewal of purchase interest, potentially preparing the land for a recovery gathering. However, if BTC does not exceed $ 85,000, the market could see additional drop pressure.
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If BTC drops below the range from $ 80,000 to $ 78,000, this will increase the probability of a drop to the next main levels of support to $ 75,000 to $ 72,000. Such a decision would strengthen the lowering feeling, delaying every chances of significant recovery in the short term. The next trading sessions will be essential, because Bitcoin remains in a vulnerable position where a key level recovery or a deeper correction is imminent.
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