Bitcoin is currently experiencing significant selling pressure once more, with bears targeting a drop below the vital $80,000 support level. After bulls briefly propelled BTC to $87,000, expectations for a sustained recovery were swiftly dashed when the price failed to reclaim the crucial $90,000 resistance. Since that moment, momentum has sharply shifted in favor of the bears, pushing the market into a state of deeper uncertainty.
Ongoing macroeconomic instability, driven by escalating trade war concerns and diminishing global sentiment, continues to exert a heavy burden on financial markets — with the crypto sector being one of the hardest hit. Risk appetite is rapidly declining, and Bitcoin’s inability to maintain its elevated position has only intensified the pressure.
Despite the current downturn, some analysts view a potential buying opportunity on the horizon. Leading analyst Ali Martinez shared insights on X, suggesting that the next key Bitcoin accumulation zone might emerge when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, such moments have indicated favorable entry points for long-term investors.
Bitcoin Stays Around $82K As Bulls Confront Major Test
Bitcoin is presently confronting a significant technical and psychological challenge at the $82,000 level after losing bullish momentum earlier this week. Bulls initially regained control with a move toward $87,000, but the rally faltered as BTC struggled to reclaim the essential $90,000 resistance. Since then, selling pressure has returned, erasing recent gains and dragging the price into lower support areas. What began as a minor upturn has transformed into a deeper struggle for bulls attempting to stabilize the trend.
This renewed weakness accompanies ongoing macroeconomic uncertainty and rising global tensions, which continue to destabilize financial markets. Risk appetite has diminished broadly, leaving Bitcoin — like many crypto assets — highly sensitive to wider economic variations. Price movements have demonstrated this fragility, with bears now targeting a drop below $82K to test deeper demand zones.
Despite the prevailing downtrend, some analysts believe that a meaningful buying opportunity may be on the horizon. Martinez noted on X that the next prime Bitcoin accumulation zone could appear when the MVRV (Market Value to Realized Value) Ratio surpasses its 70-day moving average. Historically, this signal has coincided with market lows and the early stages of recovery.
While the short-term trend remains under pressure, the approaching MVRV crossover could signal a critical turning point. Bulls face the immediate challenge of defending the $82K level and pushing above key resistance areas. If they succeed — and if accumulation quietly continues — Bitcoin might soon find the stability needed to enter a stronger recovery phase. Until then, volatility and caution are expected to dominate the market.
BTC Declines 8% As Bulls Struggle To Reclaim Key Moving Averages
Bitcoin has experienced an 8% drop since March 24, with price movements showcasing continued weakness as bulls struggle to exceed key resistance. After temporarily consolidating near $87,000, BTC lost momentum and dipped below both the 4-hour 200 moving average (MA) and the exponential moving average (EMA), which were clustered in the $87K–$85K range. These moving averages have served as dynamic support during previous uptrends, and the recent breakdown reinforces the overall bearish sentiment.
For any recovery to commence, bulls must reclaim this range and convert it back into support. A consistent move above $85,000 would indicate bullish strength and could pave the way for a challenge towards the $90K resistance level. However, the current rejection implies that sellers continue to dominate.
If Bitcoin fails to maintain above the $82,000 level in the coming sessions, the market may face a more significant correction. A drop below $82K would likely lead to prices falling below $80K, pushing Bitcoin back into lower demand zones and igniting renewed fear among investors.
With increasing volatility and ongoing macroeconomic uncertainty weighing heavily on the market, bulls are under pressure to respond swiftly before bearish momentum escalates further.
Featured image sourced from Dall-E, chart from TradingView
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