Bitcoin price has been falling over the last 24 hours, potentially signaling that the recent bull rally has come to an abrupt end.
But what are the factors behind Bitcoin’s latest drop, and how far might the crypto asset dive before it finds support?
Bitcoin Price Inches Below $8,300, But Is There Much Further to Fall?
The leading cryptocurrency by market cap has spent the last six months locked in a downtrend. However, that downtrend was considered broken by many during the recent bull rally in Bitcoin, causing many to expect at least a short-term uptrend to follow.
Related Reading | Current Bitcoin Trend is Repeating the Bull Run to $20k in 2017, And It’s Mega Bullish
And while Bitcoin price did rise as much as 35% in less than 30 days, it failed to break through overhead resistance and reclaim past highs.
Now, as of this morning, Bitcoin price pierced through $8,300 temporarily after a more than $400 selloff began in the late-night hours.
The crypto asset is back above $8,300 currently, however, it is not until prices much lower where Bitcoin could find support.
The drop in price is surprising for many, but there may be a variety of factors influencing the bearish movement.
Factors Behind Today’s Crypto Market Crash
Notably, Bitcoin price failed to break above the 200-day moving average, which may have signaled to larger investors that the crypto asset wasn’t yet for a new uptrend, and started to sell the asset to reduce risk.
Bitcoin price may be headed back to retest the 50-day moving average, which is currently sitting at around $7,500.
Before it reaches that key level where support could be found, the cryptocurrency is likely to test support levels at $8,000 to $8,200, then lower at $7,600 to $7,800.
The leading cryptocurrency by market cap must not fall back below $7,400 where the inverse head and shoulders breakout confirmed, or else a new low could be set in the days following.
With Bitcoin’s halving ahead, and after two full years of bar market, it could be on the verge of a major breakout. But for that to happen, the 200-day moving average must be taken, with multiple daily closes above it along with a retest of resistance turned support.
Related Reading | The Case For Why $6,400 Wasn’t Bitcoin’s Local Downtrend Bottom
In the worst-case scenario, the current top could follow the path of the July 2018 rally, which eventually led the cryptocurrency to reach its current bear market low of $3,100.
Breaking down to set a new local low, could cause the market to panic, and a retest of the lowest ranges over the last two years may need to be tested and confirmed as support for an uptrend to begin again.
Featured image from Shutterstock, Charts from TradingView The post appeared first on NewsBTC. origin »
Bitcoin is starting the year with strength, but not without turbulence. After briefly dipping below $92,000 yesterday, the BTC price quickly reclaimed that level and turned it back into short-term support.
Bitcoin had a strong start to 2026. The initial days were filled with supportive market actions such as stable price movements, good demand in the spot markets, and no indication of panic selling.
Bitcoin price surged into the new year, supported by renewed optimism and strong spot ETF inflows. The crypto king pushed higher despite geopolitical tension following the US strike on Venezuela.
The price of Bitcoin seems to be positioning for a renewed bullish phase following its positive start to the new year. The premier cryptocurrency closed 2025 with a range-bound price performance, recording no significant movement in the past month of December.
Bitcoin Magazine
Bitcoin Price Struggled in 2025, but Long-Term Lows Show a Strong and Rising Floor
The bitcoin price's 2025 price swung above $125,000 before falling to around $87,000, reflecting a shift from speculative rallies to macro-driven market forces.
Bitcoin Magazine
Bitcoin Price Struggles to Break $90,000 as One-Month Battle Continues
The bitcoin price continued to swing around the $90,000 level during thin holiday trading, rising and falling in sharp moves that lacked any volume needed for a sustained breakout.
The Bitcoin price rose to above $90,200 on Monday. Bulls failed to hold onto gains, and the price dropped to $86,717. Bulls are looking to strengthen as analysts point to continued. It’s been a difficult last few weeks of 2025 for crypto, and Bitcoin (BTC) showed that this will likely continue into early 2026 as […]
The post Bitcoin price consolidates near $87K as downside risk persist appeared first on CoinJournal.
Since the short squeeze in mid-December, Bitcoin has yet to make any significant price gain, facing multiple rejections at the $90,000 price zone. The maiden cryptocurrency is presently consolidating within the $87,000, while investors patiently anticipate a clear market direction.
Crypto chartist Ali Martinez has pointed out a potential downtrend on the Bitcoin price chart. According to him, the price of Bitcoin could dump to $40k based on a historical pattern. In other news, investors are jumping ship to DeepSnitch AI.
Bitcoin has continued to trend lower on the back of selling pressure building across the market. In fact, the world's largest cryptocurrency is now well off its all-time high of close to $126k, with BThe post Bitcoin - All about the liquidity signals that are hinting at a price recovery in 2026 appeared first on AMBCrypto.
Bitcoin Magazine
Bitcoin Price Struggles at $90,000 as Christmas Trading Looms
The bitcoin price briefly climbed above $90,000 after rising from $88,000 during Asian and European hours, before retreating toward $88,000 again during U.
Bitcoin price recently climbed above $90,000, hinting at a possible recovery, but there are still concerns that the rally may not last.
The post Bitcoin Price Reclaims $90,000, Is This Dead Cat Bounce? appeared first on Coinspeaker.
Bitcoin is trading around $88,000, well below its recent all-time high near $124,000. While price has stabilized after the sharp pullback, on-chain data suggests the market may not be out of the woods yet.
Although the Bitcoin price has recently displayed swift recovery to the upside, the broader picture still mirrors a bleak future for the flagship cryptocurrency. A new on-chain evaluation has surfaced, which suggests that Bitcoin’s recent price recovery could be happening within a broader, weak trend, with macroeconomic factors acting as the major influences.
Bitcoin Magazine
Bitcoin Price Crashes to $84,000 – Is $70,000 Next?
The bitcoin price experienced two more aggressive dumps today, now trading near $84,500.
This post Bitcoin Price Crashes to $84,000 – Is $70,000 Next? first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
As the market volatility heats up again, the price of Bitcoin witnessed a pullback, bringing it closer to the $90,000 threshold. While BTC’s price faces a pullback, key on-chain metrics are beginning to follow suit, reaching levels that could shape or determine the next trajectory of the market.
Bitcoin Magazine
Bitcoin Price Forecast Tools and Cycle Valuation Metrics
This One Chart Has Never Missed a Bitcoin Price Top or Bottom in 15 Years
This post Bitcoin Price Forecast Tools and Cycle Valuation Metrics first appeared on Bitcoin Magazine and is written by Matt Crosby.
Bitcoin Magazine
Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts
The bitcoin price fell on Wednesday night into Thursday, falling from $94,000 to below $90,000.
This post Bitcoin Price Fights For $90,000 Despite Fed Rate Cuts first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin (BTC) is trading in a narrow range between $92,000 and $94,000, a zone that could dictate whether the cryptocurrency rallies toward $100,000 or retraces to around $90,000.
When Strategy disclosed its acquisition of more than 10,000 Bitcoin worth $1 billion, market watchers anticipated an immediate rally. Instead, Bitcoin’s price barely moved. The muted response was not a reflection of weak demand but the result of how the purchase was executed.
Bitcoin Magazine
Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin
The bitcoin price is pumping this morning, currently trading above $94,000.
This post Bitcoin Price Skyrockets to $94,000 as Banks Start to Embrace Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin (BTC) created its first higher low since June 18, but has yet to break out from a horizontal and diagonal resistance level.
The post Bitcoin (BTC) Reaches First Ever Close Below 50-Month Moving Average (MA) appeared first on BeInCrypto.
Bitcoin (BTC) has dropped to a crucial long-term moving average (MA), below which it has never reached a weekly close.
The post Bitcoin (BTC) Falls to 200-Week MA for Fifth Time in History appeared first on BeInCrypto.
Charts show the Bitcoin price seems to be falling below the 600-day moving average, a sign that could be bearish for the crypto. Bitcoin Begins To Lose 600-Day MA Support Line As Price Crashes Below $39k Again As pointed out by an analyst in a CryptoQuant post, the price of the crypto is crossing below the 600-day MA curve now, a line that has served as support for BTC in the past.
Bitcoin has recently recovered above $40,000 to much fanfare from investors. This has been a long time coming given how low the digital asset had gotten following the market crash. It is a significant point to cross in the road to another bull rally.
Bitcoin may have had a tumultuous year so far in terms of volatility, but longer-term trends are still very healthy. The yearly moving average price for BTC is closing in on its all-time high. This week has been one of the best so far this year for BTC prices.
Bitcoin is now recovering from coronavirus infection, Coronavirus hit hard on Bitcoin and traditional markets, when btc price dropped by 40% in single day on 12th March. Bitcoin Bulls have shown nice buying momentum last week, and btc price bounced from 4500$ and retested 7100$(Bitstamp).
