The price of Bitcoin (BTC) fell to the $80,000 area (USD) today, a two-month low. And of course, on a technical and psychological level, it rebounded. At the time of writing, it is trading at approximately $82,000.
Will autumn come again? Why is the backlash from that consistent? Could the price drop below $80,000 in the next few days? These and other questions will be answered in this article.
The $80,000 has several characteristics. Since they have a round body shape to begin with, psychologically it acts as an important barrier. The market tries to protect these types of zones as support on the decline, as well as resistance that is difficult to overcome on the rise.
Please be careful. This does not mean that the exact rounding number acts as a barrier, but rather the margin that is included before the next number (in this case between 80,000 and 80,999). The rebound we saw today is proof of that.
At least on Binance, the price reached $80,800 and stopped the decline. Please note that this number may vary between exchanges depending on supply and demand.
To make it clear, you need to say: $80,000 again acts as support. This was demonstrated by today’s market and the market two months ago. At that time, the price fell sharply and found a bottom at that level, as seen in the graph below.
Bitcoin risks losing $80,000
There are not many cases where Bitcoin loses $80,000.. Well, it first exceeded that level a little over a year ago, in November 2024, and has remained above it ever since.
So, It makes sense that the market would want to support this price at all costs.. However, there is a possibility that the bear market will continue. The market has been enjoying a bullish cycle since 2023. And nothing rises steadily.
The Bitcoin market is characterized by notable bullish and bearish cycles. If historical patterns continue, we will be in for a crypto winter. Usually, it increases and becomes one bottle after about 3 years.
The currency is trading 30% below its all-time high, a distance greater than a setback in a bullish cycle. Therefore, when selling pressure increases, Must expect decline from $80,000.
Where will it stop if it falls? When he lost such points, the lowest amount he saw was $74,000. This is after a failed attempt to hold 78,000 and 76,000. Therefore, these levels will be the first levels that will try to become new support if the current level is erased.
Bitcoin has not fallen below 80,000 for more than five days in a row since breaking above 80,000, so if it loses for longer, it would be a sign of weakness that will affect lower levels.
$73,000, an unforgettable level
If Bitcoin loses the indicated points, it could end up stuck in the sideways zone that lasted for several months before reaching $74,000 for the first time. This is an area between 49,000 and 73,000, which is unforgettable for market followers and CriptoNoticias articles.
Another thing to remember is that The 73,000 number represented a strong psychological signature of Bitcoin’s last bullish cycle.. It surpassed the previous bullish cycle record ($69,000) in March 2024 and rose to that number, but it became a resistance line that took eight long months to overcome.
In this sense, it would not be surprising if this level becomes support or the lowest level of a sustained correction phase. Markets tend to repeat strong levels in the past, so unless demand gains momentum, a return to market is very likely.
Optimistic pattern to end this analysis: Bitcoin had higher minimum and maximum values each cycle. This means that if this beautiful dynamic repeats, we will not step on the 2022 bear market bottom that was at $15,000.
In the case of crypto winter, where will the bottom be? The free market will decide. Experts say the decline may not be as deep as in the past due to the entry of long-term institutional investors. The launch of the Bitcoin spot exchange-traded fund (ETF) in the US two years ago motivated this scenario.
According to experts such as Sebastian Serrano, founder of cryptocurrency exchange Ripio, BTC may only fall to the $75,000 region throughout 2026. He believes the bear market is “already here,” but advances in institutional investing and ETFs will make it more resilient.
and Spoiler alert Pointing out that compared to the unlimited issuance of fiat currencies, the acceptance of Bitcoin as a reserve of strategic value is increasing due to its scarcity, enable long-term upsideno matter what happens.
