2025-3-30 18:00 |
Bitcoin is facing intense selling pressure once again, with bears now eyeing a move below the critical $80,000 support level. After bulls briefly pushed BTC to $87,000, hopes for a sustained recovery were quickly dashed when the price failed to reclaim the key $90,000 resistance. Since then, momentum has shifted sharply in favor of the bears, dragging the market into deeper uncertainty.
Ongoing macroeconomic instability, fueled by escalating trade war fears and weakening global sentiment, continues to weigh heavily on financial markets — and the crypto space has been among the hardest hit. Risk appetite is fading fast, and Bitcoin’s failure to hold higher ground has only added to the pressure.
Despite the current weakness, some analysts see a potential buying opportunity on the horizon. Top analyst Ali Martinez shared insights on X, noting that the next prime Bitcoin accumulation zone could appear when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, such crossovers have marked attractive entry points for long-term investors.
Bitcoin Hovers Near $82K As Bulls Face Crucial TestBitcoin is now facing a key technical and psychological test around the $82,000 level after losing bullish momentum earlier this week. Bulls initially regained control with a push toward $87,000, but the rally stalled as BTC failed to reclaim the critical $90,000 resistance mark. Since then, selling pressure has resumed, erasing recent gains and dragging the price into lower support zones. What started as a minor upswing has now turned into a deeper struggle for bulls trying to stabilize the trend.
The renewed weakness comes amid persistent macroeconomic uncertainty and rising global tensions, which continue to shake financial markets. Risk appetite has faded across the board, and Bitcoin — like many crypto assets — remains highly sensitive to broader economic shifts. Price action has reflected this fragility, with bears now pressing to break below $82K and challenge deeper demand zones.
Despite the current downtrend, some analysts believe a meaningful buying opportunity could be approaching. Martinez shared on X that the next prime Bitcoin accumulation zone may emerge when the MVRV (Market Value to Realized Value) Ratio crosses above its 70-day moving average. Historically, this signal has aligned with market bottoms and early stages of recovery.
While the short-term trend remains pressured, the approaching MVRV crossover could provide a critical turning point. Bulls now face the urgent task of defending $82K and pushing back above key resistance zones. If they succeed — and if accumulation quietly continues — Bitcoin could soon find the footing needed to begin a stronger recovery phase. Until then, volatility and caution are likely to dominate the market.
BTC Down 8% As Bulls Fight To Reclaim Key Moving AveragesBitcoin has dropped 8% since March 24, with price action continuing to show weakness as bulls fail to push past key resistance. After briefly consolidating near $87,000, BTC lost momentum and slipped 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 acted as dynamic support throughout past uptrends, and the recent breakdown reinforces the growing bearish sentiment.
For any recovery phase to begin, bulls must reclaim this range and flip it back into support. A sustained move above $85,000 would signal strength and could set the stage for a push toward the $90K resistance level. However, the current rejection suggests that sellers remain firmly in control.
If Bitcoin fails to hold above the $82,000 level in the coming sessions, the market could face a more profound correction. A break below $82K would likely open the door to sub-$80K prices, placing Bitcoin back into lower demand zones and triggering renewed fear among investors.
With volatility increasing and macroeconomic uncertainty still weighing on the market, bulls are under pressure to act quickly before bearish momentum accelerates further.
Featured image from Dall-E, chart from TradingView
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