The Bitcoin price has experienced a decline, falling below key support levels at $90,000, $88,000, and $85,000. It has reached a low of $80,525 but is currently consolidating losses and trading above the $83,500 level. Immediate resistance is at $85,000, followed by $85,500 and $87,150. If the price fails to rise above the $86,000 resistance zone, it could continue to decline and find support at $83,000, $82,000, and $81,200. The main support is at $78,500. Technical indicators suggest a bearish trend with the MACD in the bearish zone and the RSI below 50.
Content Editor ( newsbtc.com )
- 2025-02-27
Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?
