by Nayab Fatima
The Bitcoin market experiences heavy selling pressure when BTC drops under $85,000 and investors lose 12% value during the weekend. People started rushing to sell their assets because of market anxiety as signs emerge that a bear market may begin. The Bitcoin market direction remains unclear to traders who stay cautious.
CryptoQuant network data shows signs of an approaching market rally even with ongoing price declines. The CVDD indicator follows Bitcoin movement among long-term holders plus funds entering the market which shows bitcoin might soon rebound. If BTC returns to its significant support point traders think it can go up to $128,000 from its previous record levels.
Market Awaits Bitcoin’s Next Move
The market has reached a decisive point from which its future path will be determined. Further Bitcoin price drops will continue if traders keep selling. When long-term investors buy back in the price may start to increase once again. Investors keep watching Bitcoin price behavior above $80,000 to see if the crypto can maintain its position there and decide if its market will rise higher or move toward lower price ranges.
Market professionals treat $84,000 as both support and resistance for this market segment. Crypto researcher Ali Martinez shared on X that breaking past $84,000 can trigger positive market growth with BTC possibly reaching fresh historic levels. The market needs Bitcoin to break through $84,000 to exit its bearish cycle.
Bitcoin’s Future Hinges On Momentum
The biggest Bitcoin price drop happened on Sunday when the market lost 7% value between $86,000 and $80,000. The fast market drop created more anxiety among traders who decided to sell their Bitcoin supplies for fear of short-term losses.
Bulls want to lead the market again when Bitcoin breaks above $86,000 to reach above $90,000. The market will see improved confidence when BTC successfully breaks its range and shows the price decline has ended. BTC will face increased risks of further declines if it fails to breach $80,000 and may return to around $78,000 as support.
When BTC trades next following current decisions will show its heading. The bull cycle will keep running if BTC recovers important price points yet may transition to a deeper pullback period if selling persists. Financial market participants continue to track BTC price fluctuations since they need clear signs about where the market is headed.
#blockchain #crypto, #decentralized, #distributed, #ledger
This news is republished from another source. You can check the original article here
