Bitcoin is testing a major support area after losing the $80,000 area and rejecting a major moving average. Analysts are currently pointing to the low-$60,000 zone as the main level to maintain, but a deeper break could focus on $48,700 and the $40,000-$50,000 area.
Bitcoin falls towards major support after losing $80,000 region
Bitcoin ($BTC) According to analyst Daan Crypto Trades, the decline continues after failing to retest the $80,000 support zone. The chart shows that $BTC Reject both the daily 200EMA and the daily 200MA near the previous support area before extending downward.
Bitcoin daily chart ($BTC/$USDT). sauce: Daan cryptocurrency trading takes place in X
The chart highlights the $80,500 area as a major resistance zone. $BTC attempted to reclaim that area in May, but was rejected near the daily 200 EMA and 200 MA, confirming a bearish retest. After the rejection, the price resumed its downward trend and moved back towards the lower support range.
The next major level on the chart is near $59,757. This area previously served as an important swing low, but now represents the main support zone for the current movement. This chart also shows that volume has increased during the recent sell-off, indicating that it is playing a large role in the decline.
From a trend perspective, $BTC It remains below both long-term moving averages and continues to record lower highs since the recovery attempt in May. The broader bearish structure will remain in place as long as the price stays below the $80,500 resistance area.
According to Daan Crypto Trades, the key question is whether Bitcoin can establish a wider range between approximately $60,000 and $80,000. If the support area is successfully defended, the range structure may be maintained. However, a decisive break below the low-$60,000 area would weaken the range theory and increase further downside risk.
Bitcoin rises above key support as analysts revisit sub-$50,000 scenario
Bitcoin ($BTC) has fallen sharply from its cycle high and is now trading near an important long-term support area highlighted by analyst Krypto Patel. Looking at the weekly chart, $BTC The previous support near $73,500 has turned into resistance, but it has broken below the key uptrend line that has supported the market through most of the bullish cycle.
Bitcoin weekly chart ($BTC/$USDT). sauce: X Crypto Patel
This chart highlights a bearish divergence that occurred near the market top, where the price continues to make new highs while the Relative Strength Index (RSI) forms a lower high. According to that signal, $BTC The price has broken below the rising support trend line and entered a long-term correction phase.
According to our analysis, Bitcoin has already completed a drop of over 44% from the highlighted resistance area. This chart identifies the $48,700 area as the next major support zone and is labeled “Support 2.” This level has previously served as a key breakout point in the bull market and could attract buying interest if tested.
The RSI remains weak on the weekly time frame, reflecting the broader bearish momentum that has spread since the trendline break. At the same time, the chart’s expected recovery path suggests: $BTC If buyers regain control, the price could try to reclaim the former support area around $73,500.
Krypto Patel noted that fear-driven market conditions often create opportunities for long-term accumulation. Analysts see the $50,000 to $40,000 area as a potential accumulation zone if Bitcoin extends the correction and revisits that level during the 2026-2027 period.
For now, the key technical levels remain within the resistance area near $73,500 and the key support zone near $48,700. Market reaction regarding these levels could help determine the next stage of Bitcoin’s long-term trend.
