• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Under Pressure Below $85K: Key Levels to Watch Today

user avatar

by Giorgi Kostiuk

3 hours ago


Bitcoin's price continues to struggle against selling pressure, with analysts evaluating resistance levels and market conditions for potential shifts.

Technical Breakdown and Support Zones

Jesse Olson examines Bitcoin’s bearish divergence across multiple timeframes, indicating a continued downtrend. He identifies a head and shoulders pattern, which signals potential further declines. The breakdown of an ascending trendline adds to concerns, as Bitcoin fails to maintain support near $71,383.

If downward momentum persists, Bitcoin could fall toward the $40,000–$35,000 range.Jesse Olson

Resistance and Trendline Rejections

Another market analyst CRYPTOWZRD focuses on Bitcoin’s failure to break the $85,000 resistance, reinforcing the current bearish outlook. He points out that intraday price charts display volatility, with strong selling pressure preventing any sustained upward movement. The presence of a descending trendline further limits Bitcoin’s ability to recover.

If Bitcoin drops below $78,200, the next downside targets are $75,000 and $70,000.CRYPTOWZRD

Indicators Show a Bearish Market Structure

Olson highlights that Parabolic SAR indicators have shifted bearish, confirming the continuation of the downtrend. He observes a pattern of lower highs and lower lows, which signals a weakening market structure. He also emphasizes the 200-week moving average as an important support level. CRYPTOWZRD adds that Bitcoin must break above key resistance levels to escape the bearish pattern.

Analysts continue watching support and resistance levels closely to determine Bitcoin’s next major move in volatile financial conditions.

0

Share

Other news

Minnesota Cryptocurrency Bill: Details and Implications

Minnesota considers a cryptocurrency bill proposing new investment and tax opportunities.

user avatarGiorgi Kostiuk

8 minutes ago

Bitcoin Demand Weakening Since December 2024

CryptoQuant's report signals diminished interest in Bitcoin trading since December, affecting global crypto markets.

user avatarGiorgi Kostiuk

8 minutes ago

How Litecoin, Chainlink, and Polkadot Are Transforming the Blockchain World

Discover how Litecoin, Chainlink, and Polkadot are revolutionizing digital transactions with innovative technologies.

user avatarGiorgi Kostiuk

9 minutes ago

Sonic and FloppyPepe (FPPE) Prices: A Look at Current Trends

Sonic and FloppyPepe (FPPE) draw attention as they gear up for a potential crypto bull run. Explore what's happening.

user avatarGiorgi Kostiuk

25 minutes ago

Fibonacci and Market Cycles Define Ethereum's Path

Analysis of Ethereum's support and resistance levels. Support at $1,850 is critical for price growth.

user avatarGiorgi Kostiuk

34 minutes ago

Chainlink Increases Circulation by 19 Million LINK

Chainlink added 19 million LINK to circulation, causing a 5% price drop.

user avatarGiorgi Kostiuk

34 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.