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BTCUSD BITCOIN Bitcoin Drops 27% from Record High Amid Market Selloff
Bitcoin fell to $78,000 on Monday, down 27% from its all-time high, as crypto and stock markets lost a combined $6 trillion. Crypto market capitalization dropped 4% to $2.67 trillion, its lowest since November 9, shedding $1.2 trillion since December 17. Bitcoin hit a multi-month low, falling from its January peak of $107,000. Stocks mirrored the decline, with the S&P 500 losing $1.4 trillion—its worst single-day drop since 2022. The sharp selloff reflects a shift from risk assets, with the Fear and Greed Index plunging to 14, a two-year low, signaling extreme risk aversion. This contrasts with last year’s post-Trump election rally, where the index peaked at 92.
Technically, the first support for BTC is at $78k, with subsequent levels at
73K and $65k. On the upside, the initial resistance is at 
89K, followed by $95k and $100k.
BTCUSD BTC Quick UpdateWarning: Breakdown Imminent
The Bitcoin price has broken down from the demand zone, invalidating the previous support between $85.8k and $82.2k. This development sets the stage for a potential retest at $82.2k in the 4h and daily timeframes, followed by a decline towards the next lower low at $77k.
Key Levels to Watch:
- $82.2k (potential retest zone)
- $77k (next lower low)
-
73K-$71.5k (huge demand zone)Important Note:
A temporary move towards $85.8k-$86k is possible due to the CME GAP at $85k-$86k. However, this would not be a bullish sign, but rather a lower high filling the gap.
Market Structure:
The overall structure remains bearish, targeting the $77k,
73K-$71.5k zones. Selling pressure is imminent, and another dump is loading.Bearish Stance:
We will maintain a bearish stance until a clear breakout above $99k is achieved, accompanied by a daily candle close above this level.
BTCUSDTBTC Market Update: Deep Correction Phase in Play Bitcoin remains in a sell zone as the market struggles to find a strong bullish catalyst. Recent global events, including Trump's remarks on the Federal Reserve and the crypto summit, triggered volatility and liquidations but failed to establish a sustainable upward momentum.
From a technical perspective, BTC has entered a deep correction phase, with
73K remaining a key downside target. The market currently lacks sufficient liquidity to sustain continuous bullish movement, requiring a more balanced structure.Price action suggests the formation of a $90K–
82K range within a short-term bearish zone after exiting a prolonged consolidation phase. The recent false breakout above $91K, which previously acted as global support, resulted in a decline that may extend toward 82K and potentially $73.5K.Key Technical Levels:
Resistance: $89,400, $91K, $93K
Support:
82K, $78K, 73KThe primary liquidity zone of interest lies between
73K–$66K, where price action may establish a stronger directional move. In the near term, the first key level to watch is 82K, marking the lower boundary of the current range. A confirmed breakdown and consolidation below this level could accelerate a move toward lower targets.BTCUSDT Bitcoin Market Update: Potential Bearish Shift Following $90K Breakout
Bitcoin's market structure is showing signs of a bearish transition after breaking above $90K. A deeper correction appears to be forming, which aligns with a technically sound and healthy market cycle. Sustainable market growth typically involves corrections rather than continuous upward movement driven solely by aggressive capital inflows.
A correction or potential trend reversal could inject renewed momentum into the market. Fundamental factors, such as the absence of strong regulatory support for cryptocurrencies in the U.S., security concerns related to exchange hacks, and the impact of Bitcoin dominance on altcoins, continue to influence sentiment.
Should Bitcoin's price decline toward the $75K–
73K range, it may create opportunities for fundamentally strong altcoins, especially if Bitcoin dominance starts to decrease. A shift in capital flow from Bitcoin to altcoins, combined with Bitcoin rebounding from key support levels, could improve conditions for an altcoin market cycle.Key Levels to Watch:
Resistance: $88,150, $90,700
Support: $75,000, $73,570, $66,830
A temporary move toward the $88.1K–$90.7K resistance zone is possible before Bitcoin resumes its decline. Given the current market imbalance, lack of strong catalysts, and absence of robust support, a medium-term price correction toward the $75K–$73.5K liquidity zone remains a scenario to consider.
