Bitcoin Loses 200-Day Moving Average and Retests It as Resistance – What Comes Next?

Bitcoin is currently trading below key support levels following a surge in selling pressure that has rattled the market. Since late January, BTC has lost over 29% of its value, fueling investor uncertainty and fear. With concerns over a global trade war intensifying and volatile macroeconomic conditions shaking both crypto and U.S. stock markets, traders are preparing for further downside risks.

Market sentiment remains bearish, as Bitcoin struggles to reclaim critical technical levels. Crypto analyst Daan shared an analysis on X, revealing that BTC has fallen below the 200-day Moving Average (MA) and has now retested it as resistance. Historically, this pattern has often signaled a continuation of bearish price action, suggesting Bitcoin may face additional downside in the coming weeks.

With Bitcoin struggling to regain momentum, the next major move will depend on whether bulls can regain lost ground or if sustained selling pressure will push BTC toward lower support levels. As uncertainty lingers, investors remain cautious, waiting for clear market signals before making significant decisions. The coming days will be crucial in determining whether Bitcoin can stabilize or if the current downtrend will deepen further.

Bitcoin’s Downtrend Continues as Bears Maintain Control

Bitcoin has remained in a persistent downtrend since late January, with bearish sentiment growing as selling pressure intensifies. Investors are beginning to question whether the bull cycle is over, as market sentiment turns increasingly negative.

Macroeconomic uncertainty has been a significant driver of this decline, with volatility increasing since the U.S. elections in November 2024. Concerns over the ongoing trade war and global market instability suggest that this period of uncertainty may continue to weigh on Bitcoin’s price action.

Crypto analyst Daan recently highlighted that BTC lost the 200-day MA and has since retested it as resistance, reinforcing bearish dominance in the market. Bulls face an uphill battle in reclaiming this key level.

Daan pointed out that a similar scenario unfolded last year, where BTC hovered around these levels for over three months before finally breaking out. If history repeats itself, Bitcoin could enter an extended consolidation phase, keeping price action range-bound for an extended period.

However, if bulls fail to reclaim the 200-day MA/EMA, Bitcoin could see further downside, potentially revisiting even lower price levels. With bears still firmly in control, the market remains fragile, and investors are closely watching for any signs of a reversal. The next few weeks will be crucial in determining whether BTC stabilizes or if another major sell-off occurs.

Bitcoin Trapped Between $80K and $85K Amid Fear and Uncertainty

Bitcoin (BTC) is currently trading between $80,000 and $85,000, struggling to regain key price levels amid panic selling and market fear. With selling pressure dominating, investors remain uncertain about Bitcoin’s next move, as bulls have so far failed to drive a meaningful recovery.

For a bullish reversal, Bitcoin must hold above $80,000 and reclaim $86,000, signaling renewed buying interest and potentially paving the way for an uptrend. However, BTC could enter a sideways consolidation phase below $90,000–$88,000, prolonging uncertainty and leading to choppy price action in the coming weeks.

If BTC fails to defend the $80K level, the risk of a deeper correction increases, potentially driving prices below key support zones. A breakdown below $80K could trigger another wave of selling, sending BTC toward lower demand levels and reinforcing the bearish market structure.

Traders remain cautious, closely monitoring whether Bitcoin can stabilize or if another major decline is imminent.