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Bitcoin (BTC) is subject to severe sale, after losing the level of $ 85,000 a few days ago. This collapse pushed the market to its lowest level since November 2024, which has increased fear and uncertainty among investors. The entire encryption market was struggling, as it weighs due to the negative total economic conditions and a comprehensive conversion in risk morale.
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The policies of US President Trump added to fluctuations and instability, as the fears of the World Trade War and the wrong economic decisions continue to rise in insects of investors. The US stock market has decreased to its lowest point since September 2024, which increases the interests that the broader financial markets are weakening, bitcoin and other cryptocurrencies with them.
According to Glassnode data, Mayer’s multiplier indicates that the following main support for Bitcoin sits at $ 66,000. If the current sale continues, BTC can test this level in the coming weeks, which represents a large correction from its last highest levels.
With Bitcoin at a decisive point, traders and investors closely monitor whether BTC can stabilize the main levels and restore them or if the negative side is another. The coming days will be crucial for short -term Bitcoin expectations.
Bitcoin fights less than 200 days
Bitcoin has been in the direction of a fixed decline since late January, with fear of morale for the investor. Many now believe that the bull cycle has ended, as BTC continues to set lower levels of main support. With the pressure of pressure pressure, the market remains under the domain control, and the lower targets are determined by cautious investors.
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Since the American elections in November 2024, uncertainty and fluctuations in the total economy have been major market engines. The high global trade tensions, wrong economic policies and the investor confidence have contributed to the correction of the extended bitcoin. With American stock markets as well, Bitcoin failed to find the momentum needed to recover.
Senior analysts Ali Martinez Common visions on xHighlighting that Bitcoin is now circulating less than 200 days moving average, which is a major technical indicator that often indicates a long -term direction. According to Mayer Moans, the next main support level sits at $ 66,000. If BTC fails to stabilize higher than current levels, increased selling pressure may send Bitcoin to this low support area in the coming weeks.
Bitcoin to reflect its downside, Bulls must restore 200 days about $ 83,500. The break and the contract above this level will indicate the strength that belongs to the market and can prevent the negative side. However, if BTC fails to restore momentum, fear and uncertainty will continue to drop prices, making the next few weeks crucial for the Bitcoin market structure. Investors closely monitor price procedures as Bitcoin remains in a critical stage that can determine its direction in the middle of the period.
BTC Eyes 85 thousand dollars to recover
Bitcoin is currently trading at 81,700 dollars after the 200 -day moving average loss at 83,450 dollars, which is the main technical level that was previously supporting its upscale momentum. With BTC’s trading now below this decisive indicator, the market remains under downside, and merchants closely see signs of a possible opposite existence.
In order for the bulls to regain control, the BTC must restore the mark of $ 85,000 in the coming days. A strong batch above this level indicates the renewal of the purchase, which is likely to be the way to transfer the recovery. However, if BTC fails to break more than $ 85,000, the market may see more negative pressure.
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If BTC decreases to less than 80,000 – 78,000 dollars, this will increase the possibility of the following major support levels at 75,000 – 72,000 dollars. Such a step would enhance the homosexuality, which delays any chances of meaningful recovery in the short term. The next few trading will be very important, as Bitcoin remains in a weak position as it is either restoring the main levels or deeper correction.
Distinctive image from Dall-E, the tradingView graph
